It’s Good When The Pittsburgh Steelers Lose In The NFL Playoffs
Posted on January 9, 2008
Filed under Real Estate Sales
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In their storied franchise history, the Pittsburgh Steelers have won 5 Super Bowls.
In 4 of those 5 years, national real estate markets have faltered (adjusted for inflation):
- 1975: Housing remained flat
- 1976: Housing gained slightly
- 1979: Housing fell dramatically
- 1980: Housing fell dramatically
- 2006: Housing fell slightly
This year, real estate markets can rejoice. The Pittsburgh Steelers are out of the playoffs; Jacksonville bounced them on their home turf 31-29.
On the flip side, investors in the stock market may want to rally behind Green Bay.
Following The Pack's last three championships, the market returned a healthy 6% in 1967, 9% in 1968, and 19% in 1997.
Source
A Slowdown Ahead
The New York Times, August 25, 2007
http://graphics8.nytimes.com/images/2007/08/25/business/housing-graphic.jpg
Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.

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