Study: Golf Courses Still Drive Up Home Values

REALTORĀ® Magazine Online | Developers have expressed concern that golf courses are losing favor with homeowners in high-end communities, but a new study shows they still boost home values. Researchers at Florida Atlantic University evaluated more than 10,000 home sales in the state’s Palm Beach, Broward, and Miami-Dade counties in 2015. They found that property values for homes adjacent to a golf course increased an average of 8 percent to 12 percent.

“Preliminary results from statistical pricing models suggest that properties receive a pricing boost,” says Ken Johnson, an associate dean of graduate programs and professor at FAU’s College of Business. “Thus, there is strong evidence to conclude that golf courses remain a positive draw to potential property owners.”

Yet the study comes at a time when more than 800 golf courses have closed in the U.S. in the last decade. Some developers and municipalities are seeking to convert underperforming and financially constrained golf courses into other housing developments. “The strong statistical evidence supporting a pricing boost for being adjacent to a golf course should help property owners, developers, and city officials make quicker and more financially fair decisions,” says Ksenija Bogosavljevic, who is working with Johnson on FAU’s study.


Most common passwords used. | The obvious password you use for your devices may be making you vulnerable to a data breach. Keeper Security, a password management software firm, analyzed more than 10 million login details leaked online through data breaches that occurred in 2016.

The most popular password that continues to be used: “123456,” which the firm’s analysis showed was used 17 percent of the time by hacked accounts. The next most common password was the similar “123456789.”

The firm did note one piece of progress on the password front: The word “password” finally dropped from fifth position on the list to now eighth.

Here were the most commonly used passwords in 2016, according to Keeper Security. If you find one of your passwords on the list, be sure to go change your password now!

1. 123456

2. 123456789

3. qwerty

4. 12345678

5. 111111

6. 1234567890

7. 1234567

8. password

9. 123123

10. 987654321