Housing market also a draw as Houston prepares for the Big Game
For the second time since 2004, pro football fans will invade Houston. Indeed, some are already there.
It’s easy enough to find predictions on who – the Patriots or Falcons – will come home with the Vince Lombardi trophy on Feb. 5. But insights into the city’s housing market are harder to come by. So The Home Story continues its tradition of examining real estate and housing prices in cities hosting the Big Game.
Home Field Advantage
This year’s championship game will take place in NRG Stadium. It is part of NRG Park, an entertainment hub that includes the 70,000-seat stadium as well as a convention center and arena. The historic Houston Astrodome is also on the site.
The venue is a large employer in the area. And that benefits Houston’s local economy and housing market, which have had to contend with global economic forces in recent years. According to Fannie Mae’s most recent Metro Outlook covering Houston, falling oil prices in 2015 and 2016 have had an adverse impact on the city’s job growth.