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Question
the graph shows the average price of homes in the united states from 2009 to 2014. based on the information in the graph, what is the most reasonable prediction? the cost of a new home in the united states w continue to be inexpensive. rising home prices in recent years means that people will need to take out mortgages. more people will be able to pay cash for new h and not need to take out a mortgage. based on recent trends, fewer people will need mortgages in the future.
- Analyze each option:
- The graph shows an upward trend in home prices. So, the cost of a new home is not "inexpensive" and getting more expensive.
- As home prices rise (from 2009 - 2014, prices go up from about $240,000 to over $300,000), people are less likely to pay cash. They will more likely need mortgages.
- Options 3 and 4 are incorrect because rising prices mean more, not fewer, people may need mortgages (since they can't afford to pay cash).
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Rising home prices in recent years means that people will need to take out mortgages.