Question

why might buying a home during a recession be a good decision for some consumers? choose three answers. housing prices are down it is easier to get a mortgage less demand means more options for buyers less demand means less competition with other buyers fewer houses are on the market

Explanation:

During a recession, economic slow - down leads to reduced consumer spending power. This causes housing prices to drop as demand falls. With less demand, there are more available properties for buyers, giving them more options. Also, there is less competition from other buyers. Getting a mortgage may not necessarily be easier during a recession as lenders may tighten their criteria. And fewer houses on the market is not an advantage for buyers.

Answer:

• Housing prices are down
• Less demand means more options for buyers
• Less demand means less competition with other buyers