which statement best describes why it is difficult to sell a home during a recession?\no mortgage rates are…

which statement best describes why it is difficult to sell a home during a recession?\no mortgage rates are high.\no demand greatly decreases.\no mortgages become unavailable.\no housing prices increase.

which statement best describes why it is difficult to sell a home during a recession?\no mortgage rates are high.\no demand greatly decreases.\no mortgages become unavailable.\no housing prices increase.

Answer

Brief Explanations:

During a recession, economic activity slows, unemployment rises, and consumers have less confidence and money. This leads to a significant drop in the demand for homes as fewer people can afford or are willing to buy. Mortgage rates may not always be high during a recession, mortgages are usually still available though with stricter criteria, and housing prices typically fall or remain stagnant rather than increase.

Answer:

Demand greatly decreases.