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Spanish Oaks Golf Club
Bee Cave, Texas

No other community in the Austin, Texas area offers the ultimate balance of tranquility and activity that Spanish Oaks does. Learn More

Governors Club
Chapel Hill, North Carolina

Governors Club is a 1,600-acre private gated residential community located in Chapel Hill, North Carolina. Learn More

Whitetail Club
McCall, Idaho

The quintessential Idaho mountain retreat set in in the heart of the Salmon River Mountains, Whitetail Club is a four-season, mountain-lake private community offering Golf, alpine skiing, fishing, biking, tennis on its 1,300 acres. Learn More

Jan 05, 2015

Five to Watch

NEW YORK) All in all, 2014 was a positive year for the housing market. Mortgage rates stayed low, foreclosures dialed back, and plenty of private golf communities got back on track. But there are still hurdles to overcome and this week CNN Money published five things real estate pros feel could put a damper on the party this year. Those include big investors cashing out, a drop in foreign real estate investment (especially, and understandably, the Russians), incomes not keeping pace with real estate prices, skittish lenders, and…gulp…a sharp increase in mortgage rates. That could happen if the Federal Reserve surprises everyone and send its benchmark rate higher than it's projecting. "The Fed is uncharted territory," said Doug Duncan, chief economist for Fannie Mae. "If it pushes rates up, it could have a big impact on the market." Might be time to go ahead and close on that dream golf course home you’ve been thinking about. Or get ready to make larger monthly payments than you were planning on.

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