Housing Market The following tables show where the average U.S. house prices have increased the most and decreased the most during 2004 − 2009. The tables also show the percent change from 2008 − 2009 for those areas.
Where House Prices Have Increased the Most | ||
| %Change 2004 − 2009 | %Change 2008 − 2009 |
Wenatchee, WA | 66.86 | − 2.25 |
Coeur-d’Alene, ID | 61.40 | − 1.92 |
Virginia Beach, VA | 55.24 | − 1.25 |
Spokane, WA | 55.14 | − 1.46 |
Honolulu, HI | 54.46 | − 1.06 |
Flagstaff, AZ | 53.26 | − 1.85 |
Bellingham, WA | 52.39 | − 1.04 |
Where House Prices Have Decreased the Most | ||
| % Change 2004 − 2009 | % Change 2008 − 2009 |
Merced, CA | − 29.13 | 8.33 |
Stockton, CA | − 21.78 | 3.21 |
Detroit, MI | − 19.80 | 2.90 |
Modesto, CA | − 18.83 | 3.30 |
Vallejo, CA | − 16.64 | − 0.23 |
Source: Federal Housing Finance Agency
a) If a house in Honolulu, HI, cost $200,000 in 2004, how much did a similar house cost in 2009?
b) If a house in Detroit, MI, cost $180,000 in 2008, how much did a similar house cost in 2009?
c) From 2008 to 2009, how much more did a $200,000 house in Flagstaff, AZ, decrease in price than a $200,000 house in Bellingham, WA?
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