Roodbergen, Rick (2024) Winning Streaks and Housing Peaks. An investigation in professional sports success and real estate sale prices. Master thesis.
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Abstract
This thesis studies the relationship between the success of the local NFL team and if this success changes the amount of influence the local sports stadium has on the surrounding real estate market. The incorporation of sports team athletic success adding to the current available literature on sports stadiums and real estate markets. The study evaluates the effects of a Super Bowl victory on the local real estate market surrounding the team's home stadium in three cities which won a Super Bowl in the last 20 years. Utilizing a difference-in-difference model, the thesis explores the possible correlation between the proximity of a sports stadium and housing prices, while also investigating the link between athletic success and housing market outcomes in the vicinity of the stadium. The results show a negative relationship in the city of Denver, indicating that in the year following the Super Bowl, houses in the direct vicinity of the stadium sold at a slight discount. No relationship was found in the cities of Pittsburgh and Tampa. Despite limitations in data sources and variables, the findings contribute to the understanding of the economic influence of sports stadiums on local housing markets and provide valuable insights for policymakers considering public funding for stadium construction.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. |
| Date Deposited: | 03 Jul 2024 07:33 |
| Last Modified: | 03 Jul 2024 07:33 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4538 |
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