Similar things happening in MX. The value of the land we purchased last year has increased 20%. There still are a lot of places where you can buy land cheaply, but they will even steal your fence there...
Good luck with your search !
Yah, I know it's bad all over, and I still think of Skullbiker's sound words of "Get the damn house or lot FIRST, then move." That was back when everything was $100,000 cheaper.
We'll do ok, the market may explosively adjust downward like it did upward, and we may decide to get a little RV and go live on the beach at Port Aransas and sell t-shirts. Not kidding, I like Texas better anyway.
As long as we don't buy, we're golden to wind up in a place we didn't know we'd fall in love with...I keep bringing up Canyon City and the Raton area, she isn't nibbling yet.
We will abide. This economy was neither a natural supply/demand occurrence nor unintentional. It can't last.
I do miss my half-an-eighth-acre, though.