Comprehension: Crazy Housing Prices

If Tim had sold his condominium last year, he could have gotten ______ more.
1. $280,000
2. $230,000
3. $510,000
4. $70,000
According to a realtor, what affects housing prices?
1. Unemployment.
2. Interest rates.
3. Government policy.
4. Less land.
If a house is offered for $510,000, you might have to pay _________ for it.
1. $510,000
2. $561,000
3. $504,909
4. $509,000
Why do people who want to buy a house often find themselves in a dilemma?
1. They don’t have enough money.
2. They are not sure of the quality of the dwelling they want to buy.
3. They find it hard to make a decision to buy or not to buy.
4. They are sure housing prices will go down.
What can you conclude from the last paragraph?
1. Government officials are also not sure how high housing prices will go.
2. You’ll probably pay less if you buy a house now rather than later.
3. Housing prices always stay up a little higher than they go down.
4. As with everything else, housing prices are always changing.