realtor.com® today predicted a Denver Broncos win over the Carolina Panthers in Super Bowl 50, which also would translate into good news for the 2016 housing market
History suggests a Denver win is also good for the overall housing market, says realtor.com®.
“Denver’s past wins in the Super Bowl – in 1998 and 1999 – were also strong years for housing,” according to realtor.com® In 1998, home prices rose 6 percent and existing-home sales increased 13 percent, according to data from the National Association of REALTORS®. Also, housing starts surged 9 percent, with single-family starts alone up 12 percent. In 1999, the housing market also showed rises, with home prices up 7 percent; existing-home sales increasing 3 percent; and housing starts inching up 2 percent. Source: Move Inc.
