Super Bowl Sunday is a long-awaited moment for sports fans across the US — but it’s also an indicator of how the year’s housing market will perform. That’s according to Glenn Kelman, CEO of the online real-estate brokerage Redfin, based in Seattle.
The housing market is in trouble: Home sales dropped in every month of 2018 except for February, Business Insider’s Alex Morrell reported. Will this trend continue in 2019 or will Super Bowl Sunday foreshadow another direction for this years real estate market?
“That weekend is the weekend where the housing market either goes crazy or it takes a nap,” Kelman said on NPR, later referring to the weekend as a sort of “Groundhog Day for the housing market.”