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According to the Census Bureau, in October 2016, the average house price in the United States was $27,458. 9 years earlier, the average price was

According to the Census Bureau, in October 2016, the average house price in the United States was $27,458. 9 years earlier, the average price was $22,208. What was the annual increase in the price of the average house sold?

Multiple Choice

2.39%
-2.33%
2.62%
2.86%
2.15%

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