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!
Police in the U.S. territory say they are looking for someone who stole a truck containing more than $22,000 worth of chicken eggs.
SAN JUAN, Puerto Rico — A thief in Puerto Rico has gotten away with the makings for one giant omelette.
Police in the U.S. territory say they are looking for someone who stole more than $22,000 worth of chicken eggs. They didn’t specify exactly how many eggs are in the missing shipment.
Officers said Friday that a refrigerated truck parked in a distribution center in the north coastal town of Hatillo was taken along with the eggs inside.
Authorities said the truck was worth $35,000.
U.S. stock prices could continue to correct, but it’s too soon to say whether this is the big one.
The ‘big one’ is relative, but several strategists have built a correction of 10 percent or more into their forecasts for this year. Still, they mostly expect the market to move higher and end the year with gains.
“Overall, we don’t think this correction is going to turn into much. There’s pretty good support for the S&P at 1,800. That’s kind of where I would expect this to gravitate down towards. Below that, it’s 1,775,” said Andrew Burkly, Oppenheimer Asset Management head of institutional portfolio strategy.
A combination of factors rattled stocks Thursday, most prominently concerns that a slowdown in China will bite into global growth. A flash Purchasing Managers’ Index (PMI) report from HSBC showing a contraction in Chinese manufacturing activity spooked world markets. Despite an improvement in European PMIs later in the day, world stocks remained under pressure.
Then in the U.S. session, existing home sales were weaker than expected, as was Markit’s PMI, and while that data point hasn’t been a big market mover, negativity prevailed and stocks sold off. Friday afternoon, the Dow Jones industrials ($INDU -1.96%) closed down 318 points to 15,879, the Standard & Poor’s 500 Index ($INX -2.09%) fell 38 to close at 1,790 and the Nasdaq Composite Index ($COMPX -2.15%) fell 91 to 4,128.
Scott Redler of T3Live.com said traders were fairly optimistic ahead of the China data, so many were long Wednesday.
“It seemed as if the China numbers were good that we were going to get a trade to new highs, and I guess the overnight news didn’t cooperate. With that being said, I came in pretty long and a I think lot of traders went out long (Wednesday) because things were acting well, and then they reduced risk early in the day,” said Redler, who follows the market’s short-term technicals. “We sliced through the eight-day and closed near the 21-day (moving average on the S&P.) This is the second time it happened in 2014, and I would say the bears have short-term control right here.”
The Dow briefly fell through its 50-day moving average but bounced back.
“Everytime, we’ve seen a move like this, within two days we snap back. If we don’t snap back in the next couple of sessions — back above 1,835-ish, the next support to watch for further downside would be 1,815,” he said. “A break and close below there seems to be an air pocket down to the 1,765 area.”
As the market sold off Thursday, there was market talk of big sellers of equities, and at the same time, there was a big move into Treasurys.
David Ader, chief Treasury strategist at CRT Capital, pointed out that bond market volume was at one of its three heaviest levels since mid-December. The last was on Jan. 10 when the weak December jobs report was released on and bond prices rose. The other was during the Dec. 19 Fed meeting, when bonds rose after the Fed announced a plan to cut back on quantitative easing.
“The three biggest volume days in the last five or six weeks have all been up days,” he said. “That’s important, and it tells you the market’s short. With these three up days — one was a Fed day, one an economic story, and one’s an allocation, ‘risk off’ story,” he said, noting yields could continue lower. The yield on the 10-year Thursday was at 2.78, its lowest since Nov. 29.
Adding to the sour mood was a sell off in emerging markets, with some impacted by the broader selloff, such as Mexico and Chile, and others reeling on their own stories, like Argentina and Brazil. Brazil was impacted by China but also negative comments from Pimco on its finances.
Argentina’s currency plummeted Thursday amid signs its central bank was running low on foreign currency reserves. Turkey’s central bank tried to prop its currency back up, and Venezuela’s benchmark 2027 bond was yielding 14.61 percent, a day after the government announced a partial currency devaluation.
“The central bank had been managing its fall, but they’re running low on dollars. The peso was down as much as 20 percent today, but now it’s down about 12 percent,” said Win Thin, senior currency strategist at Brown Brothers Harriman.
The selling could continue but Thin said it was overdone in some of the higher quality markets.
The big market washout also comes ahead of the Fed’s meeting next week, where it is widely expected to vote to cut back on its bond buying program for a second time. The Fed in December voted to cut the program to $75 billion in monthly purchases from $85 billion.
“I think this has been a factor from the very beginning. The weakness we’ve seen in the last seven or eight months, its roots were embedded in changes in Fed tapering,” said Alan Ruskin, head of G-10 currency strategy at Deutsche Bank. “The Fed is trying to tell us it’s not tightening but EM currencies, or selective currencies see it as the beginning of less accommodation. We’re still seeing the fallout.”
Ruskin said the shakeout could continue, as interest rates in some countries aren’t attractive enough for longer term investors. “If you want to really generalize, there is certainly fragility in the likes of Turkey, for example, Argentina. The other fragile five are still fragile,” he said.
Burkly said he is keeping an eye on U.S. data, and is watching the Citigroup economic surprise index, which measures the beats and misses of economic data against economists’ forecasts. It is seen as positive for stocks when the data beats forecasts, and the index is rising. Burkly said the index peaked about a week ago and looks to be rolling back down.
“Obviously that would be the worst-case scenario, the economic momentum starting to slow just as the Fed starts to ratchet things up. We do have these weather distortions in the data…we don’t’ think that’s going to turn into much though,” he said.
The selloff also comes in the first leg of an earnings season that has had its share of high profile disappointments, despite the fact that beats are handily outpacing misses.
Things are finally looking up for Alex Rodriguez.
The embattled Yankees third baseman is suspended for the 2014 season, but if he wants to stay busy, he will have that opportunity.
According to the Register Citizen in Connecticut, the Torrington Titans of the Futures Collegiate Baseball League are set to offer A-Rod an assistant coaching positiion. The job pays $5,000 for the season. There’s also a big perk: If Rodriguez accepts the position, he will get free coffee and donuts for the season.
Titans Manager Dan McNamara thinks this is just what A-Rod needs.
“To be honest, there is a lot of bad going on in his life and we’re trying to give him some good,” McNamara said.
If the Yankees slugger takes the gig, though, there will be no funny business allowed.
“No way steroids will be in our clubhouse or in our league,” said Titans general manager Joey Abis.
Peyton Manning doesn’t have much experience at MetLife Stadium, playing there for the first time earlier this season.
Fortunately, his little brother has plenty of insight to share for Super Bowl Sunday. Manning didn’t have much trouble in his first career trip to the new Meadowlands earlier this season, throwing for 307 yards and two touchdowns in a 41-23 win against Eli Manning and the New York Giants.
Now, as Peyton prepares to take that field for the second time, and under much bigger circumstances, his younger brother says he might have some helpful tidbits to share.
“I might have a few things for him, but I don’t want to reveal that, because I don’t want to give it to [Seattle Seahawks quarterback] Russell Wilson,” Eli Manning said on a conference call Thursday, per ESPN. “So any tips I may have wind-wise, I would tell him in private.”
MetLife opened in 2010, so no one has a great deal of experience playing inside the stadium, but Eli would know better than any other quarterback in the NFL. Manning has played 33 games, including one playoff game, at MetLife over the last four seasons, going 20-13 on his hom
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