Morning Minute: The impact of highly-ranked school districts on home prices

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Living in a sought-after school district brings benefits when it comes time to sell your home, according to realtor.com’s article, “It Pays to Own in an A-Plus School District—Here’s How Much.” Not only are buyers willing to pay more, but homes sell faster and generate more buyer interest, realtor.com finds. Two Chicago area school districts — Kenilworth School District No. 38 and Winnetka School District 36 — make the list of top 10 districts where homes sell for a premium. Read more.

In other headlines:

Mortgage Rates Little Changed – Freddie Mac

Commercial Sales in REALTORS® Markets Rise 8.4 Percent in Q2.2016 – NAR Economists’ Outlook blog

What are the average mortgage closing costs in your state? – Bankrate

 

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