Real Estate Marjory Duffin has persuaded John O’Hagan to consider investing a portion of OHaganBooks.com profits in real estate, now that the real estate market seems to have bottomed out. A real estate broker friend of hers e-mailed her the following (somewhat optimistic) graph from brokersadvocacy.com
Here, p(t) is the home price percentage over the 2003 level.
a. Assuming the trend shown in the graph were to continue indefinitely, estimate and interpret the results.
b. Estimate and interpret the result.
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