Some common baseball statistics go by RBI, ERA, OBP -- but we prefer to measure a player by his salary's MPH, or ability to cover Median Priced Homes in his new market.
Foster City, CA (PRWEB) March 9, 2011
HSH.com released a slideshow today that compares the housing markets in the cities of 10 prominent Major League Baseball (MLB) players who switched teams during the off-season. Using data from its 2010 fourth quarter mortgage rates survey, HSH.com analyzes how these athletes have fared in their new cities on the real estate front -- giving consumers a closer look at average mortgage rates and housing prices in popular cities across the nation.
To identify which MLB players hit a real estate grand slam by moving, HSH.com combined proprietary data from its mortgage rate survey with information from the National Association of Realtors, the U.S. Census and Realcomp. The slideshow compares the median salaries, median home prices and average mortgage rates of each player’s old and new metro areas. To illustrate how much house they can afford, a count is included of the number of median priced homes each player can afford to buy in his new city.
Keith Gumbinger, vice president of HSH.com, says, "Some common baseball statistics go by RBI, ERA, OBP -- but we prefer to measure a player by his salary's MPH, or ability to cover Median Priced Homes in his new market." For instance, Manny Ramirez, who played for the Chicago White Sox last year, will be a winner in his new city of Tampa. His average mortgage rate will be 0.17 percent lower, and he’ll pay $51,800 less for a home in Tampa than he did in Chicago.
Baseball’s real estate winners in their new cities, according to HSH.com, are:
Manny Ramirez – Tampa, Florida
Adrian Gonzales – Boston, Massachusetts
Adam Dunn – Chicago, Illinois
Dan Uggla – Atlanta, Georgia
Victor Martinez – Detroit, Michigan
Baseball’s real estate losers in their new cities, according to HSH.com, are:
Johnny Damon – Tampa, Florida
Jayson Werth – Washington, D.C.
Carl Crawford – Boston, Massachusetts
Cliff Lee – Philadelphia, Pennsylvania
HSH.com has tracked the nation's mortgage market for homebuyers, homeowners and industry participants since 1979. HSH.com's deep and broad surveys of mortgage rates and terms for first mortgages, home equity loans, home equity lines of credit and other consumer loans have been conducted on a weekly basis for as long as 30 years, and the company has long been an authoritative source for current loan pricing information.
pr (at) hsh (dot) com
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