Buyers Also Face Shortage of Quality Schools #parenting #homeownership #family #realestate

Source:  Bloomberg

Home buyers aren't just having difficulty finding a house in a low-inventory environment.  They're also struggling to find quality schools for their children.

While enrollment in schools has increased, state and local funding for construction of new schools is down.  Though governments spent $12.6 billion on elementary school construction in 2016 - which is the highest amount in six years, according to Census data - it reflects a 31 percent decrease compared to 2008.  At the same time, enrollment has risen by 4 percent, Bloomberg reports.

Check out the full story here:
https://www.bloomberg.com/news/articles/2017-05-19/the-next-shortage-facing-young-homebuyers-good-schools

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