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Full Steam Ahead

The market continues to break records and, besides the seasonal factor, it does not seem to be slowing. The YTD total volume is already well past any previous total yearly volume and there’s still a massive pipeline of deals. Also, to put further emphasis on how extraordinary this market is, keep in mind that April through June volume was way down compared to other strong years.

Here is year over year comparison of YTD total volume:

’09 – $339mm *Lowest total yearly volume.
’10 – $574mm
’11 – $424mm
’12 – $633mm
’13 – $630mm
’14 – $842mm *$1bn+ year.
’15 – $727mm
’16 – $838mm
’17 – $917mm *$1bn+ year.
’18 – $940mm *$1bn+ year.
’19 – $811mm *$1bn+ year.
’20 – $1.400bn *$1bn+ year. Already record year and approximately $370mm in the pipeline.

Land Bank is going to be flush with cash (it’s already collected $28mm). Should be interesting to see what they buy…