Wednesday, July 31, 2013

Buyers Will Pay More for Good Schools

Buyers Will Pay More for Good Schools
More than 44 percent of home buyers who plan to buy a home within the next two years said they would be willing to go over their budget by up to 10 percent in order to buy in their preferred school boundaries, according to a new survey by realtor.com®. 
Three out of five home buyers surveyed said that school boundaries greatly impact their home purchasing decision. Nearly 9 percent of buyers indicated that they’d be willing to pay 11 to 20 percent above their budget to get a home in a desirable school district, the survey found. About 17 percent of buyers said they want to live within a mile of a school so their children can walk there.

Rising Mortgage Rates Show Impact Rising mortgage rates are beginning to impact the housing market,

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