November 17th, 2011
Good school scores may have other benefits than education, according to a recent Wall Street Journal article. Areas with highly ranked schools were shown to have less homes foreclosed upon, a new analysis shows.
The study, done by Location Inc., reviewed six months of 2011 sales data. Foreclosure sales decreased as the school ranking went up in five metro areas, including Stockton, California and Seattle.
Areas with well-ranked schools also saw less price erosion. “Higher-rated school districts also maintained higher home-sale prices, and higher home prices per square foot.”
Have you seen similar trends in your area?