Super Bowl and Real Estate Facts
Here are more facts that indicate a correlation between Super Bowl appearances and real estate prices:
The 10 teams that have been to the Super Bowl the MOST come from cities with an average median home price of $339,800. These cities have home prices that are an impressive 40 percent higher than the average median home price of cities with NFL teams, $243,341.
The 13 teams that have been to the Super Bowl the LEAST come from cities with an average median home price of $231,985. These cities have home prices that are 5 percent lower than the average median home price of cities with NFL teams.
See for yourself how the Super Bowl appearances of NFL teams stack up against the real estate prices in their respective cities:
TEAM NAME, CITY NAME SUPER BOWL APPEARANCES MEDIAN HOME PRICE
STEELERS, PITTSBURGH 8 $92,500
COWBOYS, DALLAS 8 $135,600
PATRIOTS, BOSTON 7 $375,700
BRONCOS, DENVER 6 $244,600
49ERS, SAN FRANCISCO 6 $751,600
PACKERS, GREEN BAY 5 $129,800
GIANTS, NEW YORK 5 $517,900
REDSKINS, WASHINGTON, D.C. 5 $443,700
RAIDERS, OAKLAND 5 $445,200
DOLPHINS, MIAMI 5 $261,400
COLTS, INDIANAPOLIS 4 $120,400
VIKINGS, MINNEAPOLIS 4 $220,900
BILLS, BUFFALO 4 $66,200
RAMS, ST. LOUIS 3 $121,300
CHIEFS, KANSAS CITY 2 $138,300
BEARS, CHICAGO 2 $261,600
BENGALS, CINCINNATI 2 $126,000
EAGLES, PHILADELPHIA 2 $150,000
RAVENS, BALTIMORE 2 $168,400
JETS, NEW YORK 1 $517,900
BUCCANEERS, TAMPA 1 $180,800
SAINTS, NEW ORLEANS 1 $192,600
CHARGERS, SAN DIEGO 1 $445,500
FALCONS, ATLANTA 1 $257,200
TITANS, NASHVILLE 1 $166,400
PANTHERS, CHARLOTTE 1 $175,600
SEAHAWKS, SEATTLE 1 $452,000
CARDINALS, PHOENIX 1 $182,300
BROWNS, CLEVELAND 0 $84,000
LIONS, DETROIT 0 $67,000
JAGUARS, JACKSONVILLE 0 $166,500
TEXANS, HOUSTON 0 $128,000
Comparison to the 2013-2014 NFL Playoffs
If there really is a correlation between real estate prices and Super Bowl appearances, there is no better proof of it than the matchups in the conference championship games coming up this weekend. Interestingly, all four of the teams playing in the semi-finals of the 2013-2014 NFL season come from cities with comparatively high real estate prices. Three of these teams, the 49ers, the Patroits, and the Broncos, can be found in the above infographic. Housing prices in their home cities range from $244,600 (Denver) to the exorbitantly high $751,600 (San Francisco). The only team not found in the above infographic, the Seahawks, also come from a city with famously high real estate prices.
Regardless of who wins in the upcoming conference championship games, two teams from cities with comparatively expensive housing are guaranteed to play in the Super Bowl!
Is There Actually a Correlation Between the Super Bowl and Real Estate?
Despite the validity of the facts listed throughout this article, we can conclude that there is no correlation between Super Bowl appearances and real estate prices. As you can see in the below graph, there is nothing to indicate that there is a linear relationship between the two.
As most knowledgeable football fans probably noticed, three of the NFL’s most successful teams – the Green Bay Packers, the Pittsburgh Steelers and the Dallas Cowboys – are notably absent from the above graphic. They were omitted because of their home cities’ relatively low real estate prices. The highest median home price between these three cities, $135,600 in Dallas, is still around $80,000 below the national median home price!
Football fans in Seattle and New York, cities with astronomical real estate prices, should also be quick to point out that the correlation doesn’t exist. If high real estate prices really did guarantee Super Bowl appearances, teams like the Seahawks and the Jets would have excellent chances of going to The Big Game each season!
Oh well, the Market Leader blog staff had fun thinking that we were on to something there. We hope you enjoyed reading this graphic and post as much as we enjoyed putting it together!
A VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required.
A VA home loan can be used to purchase a home or refinance an existing mortgage.
We will discuss what role the VA plays in a VA guaranteed mortgage, the benefits of a VA home loan, who is eligible for a VA loan, and the VA documentation you will need to present to your lender.
Did you know that more than 27 million veterans and service personnel are eligible for VA financing, yet most aren’t aware it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement?
VA Does Not Offer Loans Directly and Does Not Guaranty You Will Qualify.
VA does not actually lend the money to you directly. They offer a guaranty to a lender that if you should default on the loan, they will pay the lender a percentage of the loan balance. The word GUARANTY does not actually guaranty the veteran will qualify for a VA home loan.
Primary Benefits of a VA Home Loan:
No monthly private mortgage insurance is required
There is a limitation on buyers closing costs
The loan is assumable, subject to VA approval of the assumer’s credit
30 year fixed loan
Seller can pay up to 4% of the veterans closing costs and even pay down your debt to help lower your debt-to-income ratio
Interest rates are similar to FHA rates
You don’t need perfect credit
Who is Eligible for a VA Home Loan?
Veterans with active duty service, that was not dishonorable, during World War II and later periods, are eligible for VA loan benefits. World War II (September 16, 1940 to July 25, 1947), Korean conflict (June 27, 1950 to January 31, 1955), and Vietnam era (August 5, 1964 to May 7, 1975) veterans must have at least 90 days of service.
Veterans with service only during peacetime periods and active duty military personnel must have had more than 180 days of active service. Veterans of enlisted service which began after September 7, 1980, or officers with service beginning after October 16,1981, must in most cases have served at least 2 years.
VA Documentation Needed:
The three specific pieces of documentation a lender will need to determine your eligibility is a DD214 for discharged veterans, a statement of service for active military personnel, and a certificate of eligibility (COE) to determine you have VA entitlement.
Because each lender has different qualifying guidelines, the next step is to contact your lender to find out if you meet their qualifying criteria such as minimum FICO/credit scores, debt-to-income (DTI) ratios, and find out what your county’s maximum loan amount is. Your lender can help you attain your certificate of eligibility on your behalf.
Frequently Asked Questions:
Q: Are the children of a living or deceased veteran eligible for the home loan benefit?
No, the children of an eligible veteran are not eligible for the home loan benefit.
Q: How can I obtain proof of military service?
Standard Form 180, Request Pertaining to Military Records, is used to apply for proof of military service regardless of whether you served on regular active duty or in the selected reserves. This request form is NOT processed by VA.
Rather, Standard Form 180 is completed and mailed to the appropriate custodian of military service records. Instructions are provided on the reverse of the form to assist in determining the correct forwarding address.
Q: Is the surviving spouse of a deceased veteran eligible for the home loan benefit?
The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit.