Professor Steve Ross talks about School Quality and Housing Prices

ross[1]The National Real Estate Forum recently interviewed Professor Ross on his work on the relationship between housing prices and school quality.  This interview has been produced as a podcast at:

http://nreforum.org/home/podcasts/

In this work, Professor Ross discusses the surprising findings that school quality has only a quite modest effect on property values, and that much of the early work on this question confounded the effects of neighborhood quality with the effects of school quality.  He also discusses the contradiction between these findings and evidence that school choice actually has substantial effects on school quality, suggesting that the reason for the large effects is because school choice affects where people live and so change neighborhood quality, which as noted has large effects on housing prices.