Resource | August 31, 2019

ReadyNation PA Realtors Bureau

Pennsylvania school funding is a problem for realtors and home values

Real estate professionals know that school quality is a major consideration for many home buyers. Communities with good schools are sought after by more buyers, raising real estate values. These higher home values, in turn, grow the local property tax base, to fund schools and other community resources. On the other hand, underperforming schools can have the opposite effect, deterring buyers, suppressing real estate values, and limiting the local property tax base. Inadequate state funding for K-12 education in Pennsylvania exacerbates this problem in struggling communities. Rising property taxes in low-wealth communities, combined with underperforming schools is a deadly combination for a real estate market.

There is a mutually reinforcing relationship between school quality and home prices.

ReadyNation’s PA Realtors Bureau acts on the research showing that home values rise and real estate markets benefit when school quality and student performance improve, particularly in communities with underperforming schools. Greater state investment in equitable public school funding can foster these positive outcomes for Pennsylvania’s students and communities.

Join ReadyNation’s PA Realtors Bureau By Signing Our Petition

Click here to join realtors across Pennsylvania urging our elected leaders to reduce property taxes and improve schools and communities by investing in greater long-term state funding for K-12 education through the Fair Funding Formula.

ReadyNation’s PA Realtors Bureau is a project of ReadyNation / Council For A Strong America, a 501©3 non-profit organization. There is no cost to be affiliated with ReadyNation.

Read More About

  1. K-12
  2. School Funding

States

  1. Pennsylvania