What Do The Schools Have To Do With It? “It” being the cost of housing. Redfin did some analyzing of the price of housing and top rated schools across the Nation…and San Jose is at the top of their list, followed by San Francisco, as being the highest median price for homes with top rated schools. blog.redfin/blog/2013/09/paying-more-for-a-house-with-a-top-public-school-its-elementary.html#.UkYlTD8kIqN Realtor published a similar article in August and prior to that Duke University researched the issue: realtor/advice/the-right-school-district-how-much-do-schools-affect-real-estate-prices/ sites.duke.edu/urbaneconomics/?p=712 A couple of weeks ago I mentioned the API numbers had dropped in California for schools. If you are wondering what your local school’s API number is greatschools is one web site where you can check. If you are not sure of the school, most district web sites have school locators on them…put in an address and it will tell you which schools are for that address. Do you live in a flood zone? You might be surprised to find out that you do…even if you are not next door to a river. Flood insurance is available through the government and could be required by your lender. The cost of flood insurance could be going up October 1st, and according to the head of FEMA, “the Biggert-Waters Flood Insurance Reform Act of 2012 included no provisions for affordability.” When you sell your home, whether single family or condo/townhome, you are required by California law to provide the buyer with a Natural Hazard Disclosure Report. This document, among other things, tells the new buyer if the property is in a flood zone. The article on the potential rate hikes appeared In the Tampa Bay Times: tampabay/blogs/the-buzz-florida-politics/fema-halting-flood-insurance-hike-requires-congressional-action/2142623 I have posted the weekly housing statistics for the Bay Area counties on my web site at caroleholcomb/weeklystatistics. Inventory has not been increasing in most areas.
Posted on: Fri, 04 Oct 2013 03:50:24 +0000
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