As families consider relocating, the quality of local public schools often becomes a pivotal factor. The allure of modern athletic facilities, spacious classrooms, and cutting-edge technology in science and computer labs can be irresistible for parents who equate these attributes with a superior education. But, as a recent study from Yale Insights explores, does the financial investment in school infrastructure genuinely enhance educational outcomes?
Barbara Biasi, an Assistant Professor of Economics at Yale SOM, alongside her colleagues Julien Lafortune and David Schönholzer, delved into this question. Their research, which spans data from across the United States, seeks to unravel the complex relationship between capital spending on schools and its impact on educational quality and real estate prices. For those interested in a deeper dive, the full article can be found here.
The study’s findings indicate that while capital projects generally increase both test scores and property values, the benefits are predominantly seen in districts with disadvantaged students. Interestingly, the type of capital project plays a crucial role in determining its impact. Projects focused on infrastructure improvements, such as HVAC systems, significantly enhance test scores but do not necessarily raise property values. Conversely, investments in visible amenities like athletic facilities tend to boost property prices.
Biasi’s research highlights a critical consideration for voters who decide on capital proposals. She emphasizes the importance of understanding whether these investments will truly benefit students or merely serve to increase local property values. As she notes, “Public schools are supposed to be free, but really people are paying for the best public school they can afford.”
Implications for Policy and Community
This study raises essential questions about the role of voters in making decisions that impact educational infrastructure. With the majority of voters not being parents, there’s a risk that the benefits of certain projects may not be fully appreciated or prioritized. Biasi hopes that this research will encourage a more informed discussion around school funding and its implications for both students and the broader community.
Looking ahead, Biasi and her team plan to explore how different funding rules across states affect the approval and impact of capital projects. This next phase aims to provide further insights into how modifications in funding rules could potentially reshape the educational landscape.
For more insights from Barbara Biasi and her team, visit her profile on Yale Insights.
More Articles
Getting licensed or staying ahead in your career can be a journey—but it doesn’t have to be overwhelming. Grab your favorite coffee or tea, take a moment to relax, and browse through our articles. Whether you’re just starting out or renewing your expertise, we’ve got tips, insights, and advice to keep you moving forward. Here’s to your success—one sip and one step at a time!
Artificial intelligence has shifted from futuristic idea to everyday assistant for real estate professionals. Instead of replacing agents, AI now enhances their workflows—automating repetitive tasks, improving communication, strengthening branding, and turning complex market data into clear insights. From smarter CRMs to AI-powered marketing tools, today’s agents can focus more on relationships and client service while technology handles the busywork behind the scenes.
A Florida House committee is advancing a bill that would crack down on insurers shifting profits to affiliated companies — a practice highlighted by recent investigative reporting. With premiums soaring and options shrinking, the proposed oversight could reshape the state’s insurance landscape and create ripple effects across the real estate market, impacting buyers, agents, and investors statewide.
Proptech podcast *Tangent* marks its 100th episode with an inside look at Airbnb’s evolving role in multifamily housing. Featuring Airbnb Real Estate Marketing Leader Eliza Lochner, the episode explores the rapid growth of Airbnb‑friendly apartments, the rise of flexible‑living models, and why renters and property owners are increasingly embracing hosting as a way to balance affordability, transparency, and control. For today’s real estate professionals—especially in fast‑changing markets like Florida—the conversation highlights major shifts in tenant expectations, property management strategies, and the intersection of technology, hospitality, and residential development.
A Tampa Heights homeowner has joined the growing wave of Floridians dropping property insurance altogether after his 2026 renewal skyrocketed to $14,523. With up to 20% of residents now going bare, experts warn that soaring rates, shrinking coverage options, and post‑storm losses are pushing many to take risky measures — even as alternatives like liability‑only plans, dropped wind coverage, or home‑hardening upgrades may offer relief.
A major ERAS overhaul is coming in 2027, replacing the familiar “publications” field with a more rigorous category called “scholarly works.” Only peer‑reviewed submissions—such as manuscripts, abstracts, book chapters, and presentations—will qualify, shifting greater emphasis toward high‑quality research. While the change aims to give residency directors clearer insight into applicants’ academic contributions, many students worry that advocacy and policy work may lose visibility. As programs lean more heavily on research output in a post–Step 1 pass/fail era, future applicants will need to showcase not just what they’ve produced, but the depth and meaning behind it.
Mortgage rates have ticked back up to 6.25% after a brief dip, signaling a return to stability in the housing market. With rising inventory, moderating prices, and forecasts calling for steady rates through 2026, real estate and finance professionals can expect a more predictable environment ahead. This shift opens the door to smoother transactions, improved buyer confidence, and stronger opportunities for career growth across mortgage, real estate, insurance, and related fields.
