The graph in Figure 22 shows home prices in different regions of the United States. Note that the data have not been adjusted for the effects of inflation.

a. In words, describe the general trends that apply to the home price data for all regions.

b. In words, describe any differences that you notice among the different regions.

Transcribed Image Text:

Median Selling Price (dollars) $400,000 $350,000 Northeast Midwest $300,000 South West $250,000 $200,000 $150,000 $100,000 $50,000 1990 1995 Home Prices, by Region 2000 2005 2009 Year Figure 22 Source: National Association of Realtors.