The Big News: The Kansas City, Missouri School District Loses Their Accreditation. Now What? Will the Kansas City Real Estate Market Suffer? Surely Real Estate Foreclosures will Rise!

The Big News: The Kansas City, Missouri School District Loses Their Accreditation. Now What? Will the Kansas City Real Estate Market Suffer? Surely Real Estate Foreclosures will Rise!

While nothing will happen until January of 2011 and the school district having 2 years to make changes, it is obvious why the past superintendent left so abruptly for a Michigan school district.

Will kids leave the school district for neighboring school districts or will the interim superintendent make some much needed changes?

The question I don't see getting asked is will this affect the real estate market. I believe that if the Kansas City School District does not at least get a provisional accreditation the real estate market will suffer.

How many families if given the choice will stay in Kansas City vs. moving to an area where the school district is good. I see families who have the ability to move will move to school districts in the suburbs like Belton, Raymore, Lee's Summit and Blue Springs. I even see the neighborhoods in Johnson County benefiting.

For home buyers choosing a new home, surely the lack of a functioning school district will affect their decisions, right?

As a REALTOR with over 22 years experience, the schools get brought up 90% of the time whether the buyer has kids or not. Most buyers understand that good schools are good for resale values.

Unless the Kansas City, Missouri School District fixes their current situation, I see the Kansas City real estate market suffering more. Current homeowners will have trouble selling and many who try to sell will have problems. Foreclosures will rise in the Kansas City, Missouri School District if the problems do not get fixed.

What do you think?

RE/MAX sells more homes than any other real estate company.
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Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

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