With the Texas legislature set to approve a new letter grading system that adds more clarity and precision to the TEA’s rating categories, Realtors are wondering how the new approval guide will affect housing prices. The measure just cleared the Senate and is headed for the house.
Lake Highlands resident and Dallas City Center Realtors director Kevin Caskey weighed in during this report from WFAA (Channel 8) on the matter. Caskey and his husband have two children at Richardson ISD’s Wallace Elementary, and has seen how changes in demographics have influenced school ratings, and thereby impacting home prices.
“Those rankings are not always representative of what the school truly is,” he said. “I have two children at Wallace Elementary in Lake Highlands, and that school, particularly, has a huge population of Burmese refugees. When those children came in — of course, because of language barriers and such — the scores did go down… therefore the rating did go down.”
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