In 2007, the median cost of a new home was $235,500 (source. https//www.census gov/const/u emon pdf). If the CPI in 2007 was 100, and the CPI in 2017 was 137.27, what would the cost of new home in 2007 be in 2017 dollars? Do not include a dollar sign in your answer. Round your answer to two (2) decimal places if necessary

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Factors Affecting Housing Decision