which statement best describes why it is difficult to sell a home during a recession?\nmortgage rates are…

which statement best describes why it is difficult to sell a home during a recession?\nmortgage rates are high.\ndemand greatly decreases.\nmortgages become unavailable.\nhousing prices increase.

which statement best describes why it is difficult to sell a home during a recession?\nmortgage rates are high.\ndemand greatly decreases.\nmortgages become unavailable.\nhousing prices increase.

Answer

Brief Explanations:

During a recession, economic activity slows, unemployment rises, and consumers have less disposable - income. This leads to a significant drop in the demand for homes as fewer people can afford to buy or are willing to make such a large - scale purchase. Mortgage rates may not necessarily be high during a recession, and mortgages are usually still available, though with stricter lending criteria. Housing prices typically do not increase during a recession but may decline or remain stagnant due to low demand.

Answer:

Demand greatly decreases.