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NFL Franchise Departures and Nearby Home Prices

Author

Listed:
  • Brad R. Humphreys

    (West Virginia University)

  • Geoffrey Propheter

    (University of Colorado, Denver)

Abstract

Research shows that US professional sports facilities positively impact nearby house prices. New facilities typically have existing teams, complicating a separate assessment of the impact of teams and facilities. Existing research analyzed departures of pro basketball teams, but arenas host many non-sporting events. These results may not generalize. We exploit the relocation of two professional football teams to investigate the impact of team departures on home sales. Difference-in-differences and repeat sales model results indicate proximity to one team represented an amenity while proximity to the other did not. Differences in urban form likely explains this heterogeneity.

Suggested Citation

  • Brad R. Humphreys & Geoffrey Propheter, "undated". "NFL Franchise Departures and Nearby Home Prices," Working Papers 24-05, Department of Economics, West Virginia University.
    • Handle: RePEc:wvu:wpaper:24-05
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    File URL: https://researchrepository.wvu.edu/cgi/viewcontent.cgi?article=1075&context=econ_working-papers
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    NFL; home prices; relocation; urban form;
    All these keywords.

    JEL classification:

    • Z2 - Other Special Topics - - Sports Economics
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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