Aug 03, 2015
A Course Divided
(LINVILLE, NC) If you’re not from these parts, you might be surprised that there is more than one Continental Divide in the U.S. The Eastern Divide runs smack through Linville Ridge’s 13th hole, which at 4,945 feet above sea level has honors as the highest elevation of any course east of the Mississippi River. Built on top of a mountain near Blowing Rock, North Carolina, this private course within the private community of Linville Ridge, was originally designed by George Cobb, who also designed Augusta National’s par-3 course. In 2007, Bobby Weed added his special magic with a masterful renovation that highlights the course’s scenic ruggedness. While this region can be quite warm in the summer, temperatures average a comfortable 75 degrees on the mountaintop (20 degrees cooler than in the surrounding cities of Charlotte, Winston-Salem and Asheville). While the golf course is private, National and Regional memberships are available.
Jul 31, 2015
Stay at Home Kids
(BOSTON, MA) Maybe they just need a little push. Housing analysts have been hoping millennials, that huge generation of 18-to-34 year olds, would boost the housing market when they buy their own homes, reports The New York Times. Problem is, millennials haven’t left home yet. A new study from the Pew Research Center reports that although the labor market has improved for millennials, many of them are still living with their families, instead of getting their own place. In fact, the number of 19-to-34 year olds living independently has dropped steadily since the 2007 recession. “We need the millennials to start leaving their parents’ homes and start out on their own for the housing market to normalize,” Mark Zandi, chief economist at Moody’s Analytics told the Times. “This is going to be a problem if it continues.” Part of the problem is the burdensome student debt millennials carry and that they are marrying later in life. But Boston.com reports there is hope. A survey found that 74 percent of millennials plan to purchase a home in the future. Until then, keep the light on and take advantage of club memberships that include the kids.
Jul 29, 2015
(TELLURIDE, CO) How do you improve a destination that has been ranked America's Best Ski Resort three years in a row by Condé Nast Traveler? How about taking over the Peaks Resort and Spa, a ski-in/ski-out, full service hotel located next door? That’s what the Telluride Ski & Golf Club has just done. The hotel features 177 guest rooms, a 42,000 square foot spa with 32 treatment rooms, indoor and outdoor swimming pools and 9,100 square feet of indoor and outdoor meeting space. Now, whether you come for the high altitude golf or world-class skiing, you’ll find even more great accommodations and service under the Telluride Ski & Golf Club umbrella. This is the second hotel deal for the resort in recent years. They purchased the Inn at Lost Creek in April of 2013 and under the resort’s stewardship Lost Creek has won several awards, including the TripAdvisor Certificate of Excellence in 2014 and 2015 and the “Best Resorts in the World” award from Booking.com in 2015.
Jul 27, 2015
All-Star Golf Home
(FLAGSTAFF, AZ) Like many champion athletes, former MLB All-Star and current ESPN analyst, Mark Mulder, transferred his competitive drive to the golf course when his playing days ended. Mulder purchased a home in celebrity-friendly Pine Canyon, with its Jay Morrish designed course, and starting living the golf dream. A few weeks ago he won the American Century Celebrity Golf Championship, beating another former major league pitcher, Eric Gagne. Mulder’s four-bedroom home, right on the golf course, is listed for $1,435,000. The lodge-style home features an. open-concept living room with cathedral ceilings, two-story windows, and a massive rock fireplace. As for Mulder, realtor.com reports he won’t be leaving Pine Canyon behind. “Mark has been our club champion many times,” listing agent Jaime Shurts says. “He is upgrading within the community.”
Jul 24, 2015
(WASHINGTON, D.C.) Been yearning for the good old days? They’re back. The National Association of Realtors reports that existing home sales rose in June to the highest level since February 2007. It’s not a fluke. Existing sales were up 9.6% from the same period a year ago, and have increased year-over-year for nine consecutive months. And the increase was seen in all four regions of the country. Prices are strong, too. The median sales price for June of $236,400 was 6.5% above the same month a year ago, surpassing the peak median sales price set in July 2006. Even better, mortgage rates this year are nearly three percentage points lower than they were in 2007. Might want to jump on that private golf community home pretty soon.