I had my first ever hole-in-one this summer. Yes, I am leading an AARC newsletter intro with that. Stick with me…
What has struck me in the rounds of golf I have played in the last few months (other than my poor play, as many AARC members have witnessed…) is how busy golf courses are. And that is not a unique observation: according to figures compiled by industry analyst Golf Datatech, the numbers of rounds played nationally in August were up 20.6% from the same month last year. After being down 18% for the first four months of 2020, the number has gotten out of the red and is now up 6% for the year
And it is not just avid golfers playing more. Families who’ve been
desperate to get outside have found that golf is a great diversion.
“What families have found is that golf can be a lifetime activity that
your children are really enjoying,” states PGA of America president
Suzy Whaley. “So whether a child goes back to field hockey or soccer
or golf or tennis, whatever their sport of choice is, they will always
So, the relevance to the AARC? Most AARC member communities either have their own golf courses or have public facilities nearby. Folks considering retirement are on the lookout for things to do with their
kids and grandkids – and while “retirement” nd “golf” have usually been in the same sentence in the context of a retiree playing 5 days a week with a group of retiree friends, the new discovery of golf by younger generations can be a marketing opportunity for your community. Golf doesn’t have to be where Grampa goes to escape the family – it can be where the family goes together. Partnerships and programs are not difficult to create; the AARC has resources that can help your community to take advantage.
Hit ‘em straight!
Chair, The AARC
Everyone Wants To Buy A House Right Now. 9 Experts Predict How Long Demand Will Soar
Brenda Richardson, MONEY.com | September 24, 2020
Mortgage Rates Edge Up, Still Near Record Lows
Realtor Magazine | September 25, 2020
Mortgage rates ticked up this week but still remain under a 3% average and near historical lows. Freddie Mac reported the 30-year fixed-rate mortgage averaged 2.90% this week. The all-time low for rates was set in mid-September, averaging 2.86%.
Home buyers are seeing how record-low rates can significantly decrease their borrowing costs. Compared to a year earlier, mortgage rates have dropped more than 70 basis points. That has brought monthly payments on a $400,000 loan down by nearly $160, according to the National Association of REALTORS®. “With these ultra-low mortgage rates, homebuying activity is expected to remain strong in the fall,” NAR reports.
Freddie Mac reports the following national averages for mortgage rates for the week ending Sept. 24:
- 30-year fixed-rate mortgages: Averaged 2.90%, with an average 0.8 point, rising from last week’s 2.87% average. A year ago, 30-year rates averaged 3.64%.
- 15-year fixed-rate mortgages: Averaged 2.40%, with an average 0.7 point, increasing from last week’s 2.35% average. A year ago, 15-year rates averaged 3.16%.
- 5-year hybrid adjustable-rate mortgages: Averaged 2.90%, with an average 0.2 point, falling from last week’s 2.96% average. A year ago, five-year ARMs averaged 3.38%.
Freddie Mac reports average points to reflect the total upfront cost of obtaining the mortgage.