MM255 PROJECT 8 Rev 10.2011


Eric and Pamela may want to sell this house in 10 years or so in order to get a bigger house.  They would hope that the house would appreciate to at least $220,000.  Research the appreciation rates of single-family homes in your city, region, or state.  Based on your research, do you think it is reasonable to expect this house to be worth $220,000.  Justify your answer based on appreciation rates in your area.  (10 points)

-          Write your essay in this document – do not save it in a separate file.

-          You must clearly state your position with well-structured paragraphs using proper grammar, spelling, and sentence structure.

-          This is not an “opinion” question – you must offer evidence to support your position, using properly-cited sources

-          Your answer must be between 150-250 words (about 1 page of text)

-          You must cite at least one source (book, website, periodical) using APA format.

-          Do not use unreliable sources such as Wikipedia, and Yahoo! Answers.

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