Housing prices in a particular county have increased by 25% over the prce of houses five yoars ago (a) 5260,0000 was the average price of a house five years ago, what is the average prce ( ) of a house today? (b) Economists predict that nest year houning prices will drop by 5 in thes area Based on vour answer from part (a), what will the average pnice (in 3) of a house be next year
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- “Sydney as a whole has grown by an average of 6.83% each year for the past 10 years, according to Residex in December last year” Source: http://www.yourmortgage.com.au/article/how-long-does-it-take-for-your-property-to-double-in-value-78819.aspx. Other things being equal, an increase in houses price with no change in expected rental growth indicates lower future returns to housing. True FalseFor the past years, real estate prices in a city have been increasing at an exponential rate of 2.7% per year. If the value of a house after 3 years from today is expected to be OMR (168789.92). Find its purchasing price 5 years ago You must use this formula :. X =P.er.t3\ For the past years, real estate prices in a city have been increasing at an exponential rate of 2.7% per year. If the value of a house after 3 years from today is expected to be OMR (168789.92). Find its purchasing price 5 years ago.
- In 2011, home prices and mortgage rates fell so far that in a number of cities the monthly cost of owning a home was less expensive than renting. The following data show the average asking rent for 10 markets and the monthly mortgage on the median priced home (including taxes and insurance) for 10 cites where the average monthly mortgage payment was less than the average asking rent (The Wall Street Journal, November 2627, 2011). a. Develop a scatter chart for these data, treating the average asking rent as the independent variable. Does a simple linear regression model appear to be appropriate? b. Use a simple linear regression model to develop an estimated regression equation to predict the monthly mortgage on the median priced home given the average asking rent. Construct a plot of the residuals against the independent variable rent. Based on this residual plot, does a simple linear regression model appear to be appropriate? c. Using a quadratic regression model, develop an estimated regression equation to predict the monthly mortgage on the median-priced home, given the average asking rent. d. Do you prefer the estimated regression equation developed in part (a) or part (c)? Create a plot of the linear and quadratic regression lines overlaid on the scatter chart of the monthly mortgage on the median-priced home and the average asking rent to help you assess the two regression equations. Explain your conclusions.Laureen Mauer’s salary a yearago was $52,000. If inflation during theyear was 3.5 percent in Tampa whereshe lives, how much of a decline in herpurchasing power occurred? Also, whatwould be her purchasing power if deflationof 1 percent occurred?World Bank data on a developing country shows per capita incomes of $4,500 for urban residents and $3,200 for rural residents. Migration from rural to urban areas has slowed the growth of urban incomes to a 3.0% average annual rate while rural per capita incomes grew 4.5% annually. If the historic growth rates continue into the future, how many years will it take for incomes to equalize? Number of Years:
- You just bought a $900,000 house in Philly. You financed your purchase with a loan. Assume that houses in Inland Empire increase at the rate of 5.30 percent a year. Your downpayment rate at the time of house purchase was 40 percent. (a) The expected appreciation rate on home price next year equals ______ percent. (Round to two decimal places. (b) The expected rate of appreciation on your home equity next year equals # ____% (c) TRUE OR FALSE? The lower the loan-to-value ratio, the higher the rate of appreciation on your home equity next year. This statement is _____In some housing markets, it is predicted that homes will continue to appreciate at 4% per year into the future. If you purchase a home for $435,500.00, what can you expect to sell it for after 11 years, if this appreciation percentage is correct?You have just completed the first year of operation for your business andhave the following information: sales, $200,000; cost of goods, $140,000;rent, $18,000; utilities, $8,400; insurance, $2,000; equipment, $3,500;interest, $10,000. Your forecast indicates that your sales will increase by20 percent. Your rental agreement provides for a 3 percent increase peryear. You read an article indicating that utility costs in your area willincrease by 10 percent next year. You just received a notice from yourinsurance company stating that your quarterly premium is increasing to$600 beginning the first quarter of next year. Your equipment expense willnot change, but the amortization schedule on your current loan indicatesthat interest expense for next year should be $9,000.a. Using this data, construct an actual income statement for this year and a proforma income statement for next year.b. By what percentage did your net income change?c. What are your current profit margin and your pro forma…
- Inflation Laureen Mauer's salary a year ago was $54,000. If inflation during the year was 3.5 percent in Tampa where she lives, how much of a decline in her purchasing power occurred? Enter the dollar answer as a positive value. Round your answer to the nearest dollar. $ Also, what would be her purchasing power if deflation of 2 percent occurred? Round your answer to the nearest dollar. $ABC Residential Investors, LLP, is considering the purchase of a 120-unit apartment complex in Steel City, Pennsylvania. A market study of the area reveals that an average rental of $614 per month per unit could be realized in the appropriate market area. During the last six months, two very comparable apartment complexes have been sold in the same market area. The Oaks, a 140-unit project, sold for $9 million. Its rental schedule indicates that the average rent per unit is $578 per month. Palms, a 90-unit complex, is presently renting units at $678 per month, and its selling price was $6.6 million. The mix of number of bedrooms and sizes of units for both complexes is very similar to that of the subject property, and both appear to have normal vacancy rates of about 10 percent annually. All rents are net as tenants pay all utilities and expenses. Based on the data provided here, how would an appraiser establish an estimate of value? (Round intermediate calculations and final answers…A price for a house in thousands of dollars t years after 2015 is given by the model P(t) = 190 x (1.038)^t what was the price of the house in 2015 is the price increasing or decreasing, by how much use the model to predict the price in 2021 in what year will the price reach 290,000?