Parents’ Real Estate Strategy: Schools Come First

The New York Times reports:

When Ann and Jonathan Binstock started shopping for an apartment in Manhattan in 2007, their first call was not to a real estate broker. Instead, they hired an educational consultant, to show them the best schools for their daughter, Ellen. After the consultant suggested the most desirable zones, they chose a two-bedroom apartment near Public School 87 on the Upper West Side that public records show cost $1.975 million.