Final answer:
Proximity to schools can indeed increase home values, while increased distance from schools often lowers home values.
Step-by-step explanation:
Proximity to schools can indeed increase home values, while increased distance from schools often lowers home values. This is due to several factors:
- Convenience: Homes located close to schools are more convenient for families with school-aged children, as it reduces travel time and distance.
- Social Standing: The people who live in neighborhoods with nearby schools often share similar levels of income and education. Wealthier families tend to live in neighborhoods with better school districts, which in turn increases home values.
- Education Quality: Homes near high-performing schools or schools with strong reputations tend to have higher demand, which drives up prices.
Therefore, the statement that proximity to schools can increase home values is true.