Suppose That We Observe Two Comparable Properties That Have Each

question 4

Multiple Choice

Suppose that we observe two comparable properties that have each sold twice within the past two years. Property A sold 24 months ago for $350,000 and Property B sold 18 months ago for $325,000. If the two properties were sold today at $375,000 and $340,000, respectively, estimate the change in market conditions (percentage change in price) per month, assuming we equally weight the two properties in our analysis?

• A) 0.19%
• B) 0.24%
• C) 0.28%
• D) 0.33%

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Definitions:

1939-1940

This period marks the start of World War II, highlighted by significant global military conflicts and political changes, including the invasion of Poland by Nazi Germany.

Officer Candidate Schools

Institutions that provide training and education to potential officers of the military, preparing them for command responsibilities.

Defense Industries

Industries involved in manufacturing weapons, military technology, and supplies for national defense and security purposes.

1941

A significant year characterized by major World War II events, including the attack on Pearl Harbor leading the US into the war.