Question 425883
the value of the home dropped $265,000 - $248,000 = $17000 in 2 years.
that's an average drop of $8,500 per year.


2012 - 1009 = 3 years.


in those 3 years, it will drop another $8,500 * 3 = $25,500.


that means the price in 2012 will be $248,000 - $25,500 = $222,500.