If the housing market has a say, the Philadelphia Eagles will emerge victorious against the New England Patriots in this weekend’s Super Bowl LII, the National Association of REALTORS® predicts. But NAR isn’t judging its pick based on defensive or offensive plays. Instead, its forecast is based on both teams’ housing markets. NAR’s prediction looks at the home price increases of the two competing cities, while realtor.com’s looks at home list prices and days spent on the market.
Philadelphia also gets the most-improved honor, having posted a 23.2 percent increase in home prices since the last time the two teams played each other at a Super Bowl (February 2005). Meanwhile, the New England area has posted a 14 percent increase in that time.
But based on just list prices and days on the market, the New England Patriots would then knock out the Philadelphia Eagles, realtor.com® predicts. Make no mistake, Philadelphia and Boston have both posted strong real estate seasons. However, realtor.com® says Boston has had more potent price yardage overall, with listing prices up 8 percent year over year. Philadelphia posted 6 percent gains.
Boston also showed a faster sales running game, realtor.com® notes. The for-sale inventory sold in an average of 48 days versus 70 days in Philadelphia.
Minneapolis—the city hosting Super Bowl LII in its U.S. Bank Stadium—may also be a winner in the game this year, even without a participating team. Some homeowners in the Twin Cities are renting an entire house or rooms for up to $10,000 a night leading up to the Feb. 4 game, the Star Tribune reports. The area’s smaller hotel market, compared with past hosting cities, is allowing more homeowners to cash in by offering space in their homes to fans.
—REALTOR® Magazine
