Homeowners aren’t just seeing green because of the equity in their homes. Micheal Croley at Bloomberg writes that the housing boom has caused a different kind of green for vacation homes…(Bloomberg)
- Darkest before the dawn. After the boom of the 1990s golf courses were closing around the country. But like so much of life since the pandemic, everything has changed. The National Golf Foundation “estimates that a record 3 million people in 2020 tried golf for the first time. Existing fans have been playing more rounds, too, while sheltering in place and working remotely.”
- Golf boom. Since the start of the pandemic, “64% of those seeking both a club membership and a home were choosing to buy real estate inside a golf community—a stark contrast from 2019, when only 51% intended to live on such properties.”
- Not just golf. The survey found “that the pandemic has increased the importance of safety and security for buyers, a perception that many of these communities invite with gates out front.”
This is also going international. Ruth Bloomfield at The Wall Street Journal writes that St. Andrews world-class golf courses are helping draw buyers from around the world…(Wall Street Journal)