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Real Estate Stats Super Bowl Refs Don’t See

Super Bowl Real Estate StatsWhat really happened in real estate between the first Super Bowl in 1967 and the 50th version which just took place in San Francisco? Figures from the Census Bureau and other sources tell us that in many cases measurable things are vastly better — and in other situations not so much.

The first Super Bowl was played on Jan. 15, 1967, at the Los Angeles Memorial Coliseum, with the Green Bay Packers beating the Kansas City Chiefs by the score of 35-10. Super Bowl 50 was played Feb. 7, 2016 at Levi’s Stadium in Santa Clara, CA with the Denver Broncos beating the Carolina Panthers 24 to 10.

The Changing World of Real Estate

Fifty years ago the world as we know it today did not exist. There was no Internet and many things which seem natural and normal today had not yet been invented. However, then as now people wanted to live indoors but real estate back then real estate was very different from what we see today.

Median Sales Price of a New Single-Family Home
1967: $22,700
2016: $282,800 (as of 2014)

These prices are not corrected for inflation. If we do correct for inflation then that 1967 house would cost $161,086. In other words, homes today are relatively more expensive. Seen the other way, if you bought in 1967 and still owned today you would have increased your real wealth by $121,714 ($282,800 less $161,086). Essentially the price of real estate has consistently outpaced the rate of inflation meaning that for most Americans homeownership has been the key to wealth and intergenerational wealth.

Mortgage Rates
1967 — 6.77 percent (January)
2015 — 3.85 percent

There is no question that mortgage rates are substantially cheaper than years ago, rates never imagined by our parents and grandparents.

A Look at How Life Has Changed from Super Bowl I to Super Bowl 50

Median Age at First Marriage
1967: 23.1 men; 20.6 women
2016: 29.2 men; 27.1 women (as of 2015)

With a far weaker economy there are fewer job opportunities and one result is that people are marrying later. A second result is that first-time buyers have declined as a percentage of all purchasers.

Average Household Size
1967: 3.28 people
2015: 2.54 people


We keep building bigger houses while at the same time household size has shrunk. In 1974 the typical new home had 1,560 sq. ft. but by 2014 the median size for a new home was 2,453 sq. ft. even though the number of occupants had declined substantially. The result is more square feet per person.

Median Annual Household Income
1967: $7,143 ($44,282 in 2014 dollars)
2016: $53,657 (as of 2014)

These figures show that income has increased significantly since 1967. What they do NOT show is that income has declined 7.2 percent since 1999 when the median household income was $57,843.

U.S. Population
1967: 197.5 million
2016: 322.8 million

There are now 125.3 million more of us, an average increase of 2.5 million additional people per year. While our population has increased enormously the physical size of the country has not. The result is crowding along the East and West coasts and vast empty areas in the middle of the country. We have plenty of space in theory but in practice people want to live where they can earn the most money and enjoy the most amenities.

Cost of a Gallon of Regular Gas
1967: 33 cents ($2.13 in 2015 dollars)
2016: $1.86 (as of Jan. 25, 2016)

This is tremendously good news, it means the relative price of oil has fallen. However, because the world remains dependent on energy sources which in many cases are unreliable, unstable or outright hostile there is a plain need to move to renewable energy sources as quickly as possible.

Price of Milk
1967: $1.03 gallon ($7.32 in 2015 dollars)
2016: $3.31 gallon (as of 2015)

Milk remains a remarkable bargain costly less than half of what it did 50 years ago.

Cost of a First-Class Stamp
1967: 5 cents (36 cents in 2015 dollars)
2016: 49 cents

We may live in the Internet Era but only the Postal Service delivers goods and services nationwide with universal pricing, meaning everyone pays the same price for a stamp regardless of where you live. Without the Postal Service much of the Internet would be useless because there is as of yet no way to deliver physical goods through a computer modem.

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