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

Brief Explanations:

During a recession, economic slow - down leads to reduced consumer demand for housing. This causes housing prices to drop. With less demand, there are more available homes for buyers to choose from and less competition among buyers trying to purchase the same property. Getting a mortgage is usually not easier during a recession as lenders may tighten their criteria. Also, fewer houses on the market is the opposite of what happens with lower demand.

Answer:

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