A homeowner's home that was purchased before the housing crisis for $125,000 is most likely experiencing collateral damage from the recession for which of the following appraisal values?

Question

Quizplus · Accepted Answer

Since the home was purchased before the housing crisis, it is likely that its current value has decreased due to the recession. Therefore, the most accurate appraisal value would be lower than the original purchase price of $125,000. Option D is the lowest value listed and thus the most likely to be accurate given the context.

A Homeowner's Home That Was Purchased Before the Housing Crisis