A homeowner has 1 0 percent equity in a home worth $ 1 0 0 , 0

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Question:

A homeowner has

10

percent equity in a home worth $

100, 000 .

If house prices fall

30

percent, what is the percent decline in the homeowner's equity in the home? Assume that the mortgage value does not change after the house price declines. Show your work.

Posted Date: May 18, 2024 08:04 PM

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A homeowner has 1 0 percent equity in a home worth $ 1 0 0 , 0

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