“WE ARE OFF TO A TREMENDOUS START.”

So declared the brain trust at Mossy Oak Properties when we discussed the 2024 real estate market at Mossy Oak’s annual corporate meeting in West Point, Mississippi. One MOP broker told me, “A supply issue still exists, but more and more investors recognize that the finite nature of land is a key reason it is such a stable investment — with low risk and a high potential upside.”

That sentiment is seconded in our annual Best Brokerages survey. I reviewed the results earlier this month. “Persistent inflation, high commodity prices, and policy implementation of the Inflation Reduction Act will keep the land market strong,” was the response from Peoples Company of Des Moines, Iowa. California Outdoor Properties put the prognosis for this year most succinctly: “It should be a better year than 2023 for most markets.”

The 2024 Best Brokerages survey will be featured in our spring edition, which comes off press next month.