According to Business Week magazine, some of the U.S.'s former retirement hot spots, which also were favored by investors ("speculators" would be a better term), are in full discount mode. Among the popular spots where prices are dropping like stones are ones you would expect, like Miami and San Diego. But Bend, OR, not far from the famed Bandon Dunes golf courses, was a surprise to us.
No one can predict if these markets have reached the bottom of the slide - we suspect not - so proceed with caution. In any event, you can read the article at Business Week's web site by clicking here.
Also arriving in our inbox today was an offer from Centex Homes, a national builder with some neighborhoods in golf communities. Centex is offering up to $50,000 off some of its houses the Myrtle Beach area, including the Barefoot Resort, home to four nice golf courses by Norman, Dye, Fazio and Davis Love III. For a list of the Centex homes available in the Myrtle Beach area, with their sales prices and discounts listed, you can go to http://www.centexoffer.com/showcase.html.