why might buying a home during a recession be a good decision for some consumers? choose three answers.\n□…

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

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

Answer

Brief Explanations:

During a recession, economic slow - down leads to decreased consumer demand. This causes housing prices to drop as sellers try to attract buyers. With less demand, there are more available houses for buyers to choose from and less competition among buyers for each property. Getting a mortgage is not necessarily easier during a recession as lenders may tighten their standards due to economic uncertainty. Also, more houses are usually on the market as some homeowners may be forced to sell due to financial difficulties.

Answer:

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