In this thesis, I analyze the effect that a professional sports team has on its local real estate values. Using data from 2005-2016, I use an OLS regression to analyze two aspects of professional sports that could affect home values; presence of a team, and success of a team. I find that there is no significant correlation between presence of a team and increase in home values. However, statistically significant at the 1% level, I find that a 1 unit increase in winning percentage leads to a .0216 unit increase in percent change of home value. These results indicate that professional sports have a significant effect on home values, but it is more important for the team to be successful than to merely have a team.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-3102 |
| Date | 01 January 2019 |
| Creators | Frome, Henry |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | 2018 Henry J Frome, default |
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