Lennar buys lots in Rancho Cordova

Interest rates are low and Sacramento area housing market is coming back. This has created a need for Sacramento area builders to acquire finished lot s for new home construction.

The Lennar Corporation just purchased 98 finished lots in the Anatolia master planned community. Lennar bought the property from investor Ethan Conrad at an undisclosed price. According to industry professionals they land was worth about $35K per lot. Area builders expect a housing boom in the region by 2014 and are trying to be prepared.

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