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The connection between who wins the big game and how stocks will perform for the year has proven to be less than a sure thing, but OC Register columnist Jon Lansner has found a close correlation between the Super Bowl winner and Orange County housing prices. Based on his number-crunching, the Colts win means there's a 94 percent chance that OC home prices will increase in 07 (which means there's a pretty good chance that L.A. prices will increase, too). Lansner went back to 1973 (that's as far as OC home price history goes) and found that when a team from the old American Football League OR ITS SUCCESSOR, THE AMERICAN FOOTBALL CONFERENCE - i.e., the Colts - wins the Super Bowl, you can almost bank on home prices going up. There's only one year when it didn't happen - ironically, it was the L.A. Raiders' win in 1984. As every homeowner knows, the 2007 outlook for Socal home prices is iffy, to say the least.
*Edited post
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.