Explain how a weak economy affects the values of homes.
Answer to relevant QuestionsExplain how stronger economic conditions affect the values of homes. What is the main factor in determining a home’s resale value? How can you predict a home’s resale value? Who pays commissions when a home is sold? Denise and Kenny are ready to make an offer on an 1,800- square- foot home that is priced at $ 135,000. They investigate other homes on lots of similar size and find the following information: • A 2,400- square- foot home ...Use a Web site or a financial calculator to determine the monthly mortgage payment (excluding property taxes and insurance) on a $ 90,000 mortgage if the Sampsons obtain a new 30- year mort-gage at the 8% interest rate. List and briefly discuss factors that will affect your auto insurance premium.
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