what were the effects of the drop in housing prices in the late 2000s? check all of the boxes that apply…

what were the effects of the drop in housing prices in the late 2000s? check all of the boxes that apply. many people could not pay their mortgages. banks made larger profits from selling millions of houses. loan losses hurt banks all over the world. the entire economy was harmed. done

what were the effects of the drop in housing prices in the late 2000s? check all of the boxes that apply. many people could not pay their mortgages. banks made larger profits from selling millions of houses. loan losses hurt banks all over the world. the entire economy was harmed. done

Answer

Brief Explanations:

The drop in housing - prices in the late 2000s led to a housing crisis. Homeowners saw the value of their homes decline, making it difficult to pay mortgages. Banks faced losses on loans as defaults increased, and this had a ripple - effect on the global economy. Banks did not make larger profits as they had to deal with foreclosures and loan losses.

Answer:

  • Many people could not pay their mortgages.
  • Loan losses hurt banks all over the world.
  • The entire economy was harmed.