1. According to the Case-Shiller Index (publ. by Standard & Poors), home prices in the Portland metro area in March 2012 reached an index 129.01 (compared with the base year value of 100.00 in January 2000). This compares with a local market peak of 186.51 in July 2007. Compare a house that sold for $400,000 in July 2007 to its possible price in March 2012 by applying the Case-Shiller Index. State the price and the loss in market value as a percentage of peak.