If you want to be notified when I write something new on The Mortgage Reports, sign up for free daily email alerts or subscribe to the free RSS feed.

It’s Good When The Pittsburgh Steelers Lose In The NFL Playoffs

Posted on January 9, 2008
Filed under Real Estate Sales
Read the complete post

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)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. Reach Dan via email at or call toll-free to 877-DAN-GREEN.

Foreclosures hit record-low prices. Search Now!
Foreclosures hit record-low prices. Search Now!
Foreclosures hit record-low prices. Search Now!