Commentary • October 20, 2024

Uncommon Economic Indicator: Pro Football

A quick one today while I have a moment:

I’m a NY Giants fan from way back. I remember when Fran Tarkenton was the quarterback and the futile 1970s when the team stunk. Just about every guy I know has a team they follow, and I’ll share with you some dots I connected back when the Giants were winning their last 2 Superbowls.

When a New York team is heading to the playoffs, open house traffic is down because people are home Sundays watching the games. When the Giants and Jets are having a bad season, which is sadly common these days, open house traffic is higher because the fanbase gets disconnected.

I don’t see the same connection with baseball because they don’t play once a week on Sundays.

But this NFL local team connection is uncanny.

I love my Giants, but since both New York teams are awful this season, expect open houses to be even more crowded this season.

This is an incredibly tangential and unrelated economic housing market indicator, but I swear it is accurate.