The Standard & Poor’s/Case-Shiller Home Price Index is one of the leading indicators of housing price trends in the United States. The base period for the index is January 2000. The following table lists index numbers for February 2016 and February 2017 for five cities.

a. In which of these five cities did housing prices increase the fastest from February 2016 to February 2017? In which did they increase the slowest? Briefly explain the basis for your answers.

b. In which of these five cities did housing prices increase the fastest since January 2000? In which did they increase the slowest? Briefly explain the basis for your answers.
c. Can you determine from these numbers which city had the highest house prices in February 2017? Briefly explain.

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February 2016 February 2017 City New York 181.4 187.3 Miami 208.6 222.6 Phoenix 158.7 167.0 Dallas 160.2 172.1 San Francisco 224.2 238.3