NFL Fans have no problem honoring the storied history of Pittsburgh’s Iron Curtain. Few teams have matched their success, and the team’s 5 total Super Bowl wins have put rings on some of the games most famous personalities.
However, for those of you who may be a bit superstitious… you know – who may have a certain jersey you wear each Sunday that only gets washed come February? … you’d best hope that the Steelers don’t make Sunday No. 6!
At least not if you’re in the market to sell your Winter Haven home!
See,in 4 of the 5 years the Stillers (pronounced this way by Pittsburgh fans) won the whole shebang, the national real estate market took a beating for the 12 months immediately following their victory. Here’s the breakdown:
- 1975: Home prices dropped 1.37%
- 1976: Home prices increased 3.22%
- 1979: Home prices dropped 2.84%
- 1980: Home prices dropped 4.81%
- 2006: Home prices dropped 3.60%
Now – Take a look at the championship history of the Arizona Cardinals franchise (Don’t Laugh… there were two!)
- 1925: Home prices rose 5.2%
- 1947: Home prices rose by 21.3%
By comparison it’s clear that this spring season’s home sellers should be rooting for the Cardinals Sunday!
The argument becomes even MORE compelling when you take the following into account:
Many economists have indicated that the housing market is perhaps the single biggest catalyst to look for in terms of our nation emerging from this recession. Hey – it’s an idea that’s pretty easy to buy into. I mean, after all… as housing prices have plunged, mortgage lending has tightened and consumer spending has gone la bye-bye.
Why…a reversal in home prices could turn the economy around!
Therefore, aside from two major caveats — (1) that there’s no such thing as a national real estate market, and (2) that median sales price is a completely irrelevant statistic — it’s pretty clear:
It’s in America’s best interest for the Steelers to lose the Super Bowl.
Folks… you know I always give it to you straight. So here’s what I need you to do. In the name of all that his patriotic, good, honest, and morally right… your plan for Super Bowl 43 is clear:
Cheer for the Cardinals, jeer for the Steelers. To do anything else would just be anti-American.
Sources
Dan Green, The Mortgage Reports Blog
Irrational Exuberance, 2nd Edition
Robert J. Shiller
Cowles Foundation for Research in Economics and International Center for Finance
http://www.econ.yale.edu/~shiller/data/Fig2-1.xls
U.S. Median Home Prices
http://mysite.verizon.net/vodkajim/housingbubble/US%20Median%20House%20Prices.xls
I hope you found this post useful! As always, if you or anyone you know is in need of a local Florida mortgage loan originator, I’m your guy. Call me at 888-859-7418 or apply online for your Florida mortgage. We’ll keep you posted and let you know when it’s time to pull the trigger!
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