The combination of skyrocketing home prices and the pandemic-fueled shift to remote work for many people has upended real estate markets around the country—and created a new crop of housing hot spots. Wondering where they are? A good clue is the rising price of the most fundamental element in housing: the land itself.
“Land prices are going up everywhere,” says Ali Wolf, chief economist at Meyers Research. “It’s one of the hottest commodities that exists today.”