THE ELECTION CYCLE

A recent LinkedIn post by Fay Ranches partner Vinny Delgado on Q3 and Q4 numbers caught my attention. So I reached out to Vinny and asked him to elaborate.

“Election years are like a car wreck on the interstate; everyone slows down to look, but nothing actually happens,” he wrote back. “That said, we saw a lot of activity in the $1 million to $5 million range, which I wasn’t expecting this late in an election year. The last five listings I sold in the third quarter and the beginning of the fourth were on the market for a very short time. Each had ideal recreational and production attributes desirable to the buyers currently in the market.

“With the presidential election now behind us, we have already seen confidence building in the market. Wall Street typically predicts at least six months in advance, and the stock market surge 24 hours after the election could be an encouraging sign for rural land markets.”

We sure hope so!

— Eddie Lee Rider Jr.,
Publisher, The Land Report