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    Appreciation Rates: Columbus, Ohio

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    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.

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    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 Summary

    Solution provides an estimate of the appreciation rate of single-family homes in Columbus, Ohio.