The past few years have been a whirlwind of trends with investors purchasing batches of foreclosed homes and distressed properties. We are now seeing a new trend that has been gradually climbing for the last 18 months. No one imagined new construction bouncing back like it has the past few months but we are experiencing a shortage of good inventory. New construction is booming and home buyers are latching on to properties before they are even being started. Developers have picked up a new trend. Distressed land that was developed and then lost in foreclosure is now creating a frenzy among new construction specialist. These properties are being purchased at pennies on the dollar. Often times, the land can be purchased for less than what it would have cost to install the ..
