If the average price of homes you are considering went from $300 000 to $330 000 last year,it would make sense to estimate that they should be worth around $439 000 in three more years.

Question

Quizplus · Accepted Answer

The assumption of a linear or consistent percentage increase in home prices year over year cannot be accurately applied without specific annual growth rates. The example provided suggests a 10% increase from $300,000 to $330,000 in one year, but extrapolating this to predict a price of $439,000 in three years assumes a continued or compounded rate of increase that is not specified or necessarily realistic.

If the Average Price of Homes You Are Considering Went