Question
36 years ago, the average home sale price in your hometown was $92,784. Today the average price of a house is $477,260. What was the
36 years ago, the average home sale price in your hometown was $92,784. Today the average price of a house is $477,260. What was the average annualrate of change in the price of houses over this time period? (You should calculate the compound growth rate in this problem)
Round the answer to two decimal places in percentage form
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
