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March 9th, 2011 (Modified on March 11th, 2011)

Which MLB players hit home runs in their new housing markets?



baseballWith spring training in full swing, some professional baseball players aren’t just working on their swings or their conditioning, some are also taking the time to get to know their new teammates and coaches. Part of playing the game of baseball is realizing that the sport is also a business; and the business end of it means contracts, trades and new signings.

HSH.com took a look at nine notable Major League Baseball players who switch markets this offseason and compared their housing costs in their old and new cities.

Would you believe that Victor Martinez, who came from the Boston Red Sox to the Detroit Tigers, could afford to buy 189 median-priced homes in his new city just based on his 2011 salary alone?

To compare, we used the home prices from the National Association of Realtors fourth quarter 2010 survey (except Detroit, which comes from Realcomp) and the average mortgage rate in the fourth quarter of 2010, as surveyed by HSH.com. Median income for the cities was gathered from the U.S. Census.

Who hit a home run in their new housing market? Be sure to check out our latest slideshow titled “Home plate: Which MLB player scores in their new housing market?

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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