Real estate crunch? Not if you're either ultra-wealthy or own a golf course home

The real estate downturn has everybody in a dither, but there’s good news for golfers, or more specifically, those who own golf course homes.

“Even when a market is really getting hammered people will find a golf course home more appealing than a non-golf course home,” Sara Killeen of the Longitudes Group, which just finished a recent study, told TravelGolf.

Still, it’s relative. The study identified “up” markets and “down” golf course home markets, and some of the findings might surprise you.

For example, Myrtle Beach, which has had quite a bit of golf course closures recently, scored very high, as did Park City, Utah and Vail, Colorado.

The “down” markets include Palm Springs, California, Sarasota, Florida and Scottsdale, Arizona.

Also, the study, which surveyed hundreds of homes, found the wealthiest Americans appear to be virtually immune to the vagaries of the market.

Look for the full story coming soon.