Eric and Pamela may want to sell this house in 10 years or so in order to get a bigger house. They would hope that the house would appreciate to at least $190,000. Research the appreciation rates of single-family homes in your city, region, or state. Based on your research, do you think it is reasonable to expect this house to be worth $190,000. Justify your answer based on appreciation rates in your area.© BrainMass Inc. brainmass.com June 4, 2020, 1:06 am ad1c9bdddf
Assuming that Eric and Pamela reside in Columbus, Ohio, I am not sure that it would be reasonable to expect this house to be worth $190,000 in 10 years. Looking at the graph detailing appreciation of homes over ...
Solution provides an estimate of the appreciation rate of single-family homes in Columbus, Ohio.