The Wall Street Journal: H. Ross Perot Jr. and a few other big land investors are taking some chips off the table, betting that the swift increase in prices on residential land in recent years will abate in 2014. “We're sellers at the right price at the right time and the right circumstance,” says Fred Balda, president of Hillwood Communities. “We were fortunate to have that [scenario] the last couple of years. But we're not vacating our core business.” Read the full story.
