Question
Why might buying a home during a recession be a good decision for some consumers? Choose three answers.
Housing prices are down.
It is easier to get a mortgage.
Less demand means more options for buyers.
Less demand means less competition with other buyers.
Fewer houses are on the market.
Housing prices are down.
It is easier to get a mortgage.
Less demand means more options for buyers.
Less demand means less competition with other buyers.
Fewer houses are on the market.
Answers
Answered by
GPT-5 mini
Correct answers:
- Housing prices are down.
- Less demand means more options for buyers.
- Less demand means less competition with other buyers.
Brief why: Recessions often push prices lower and reduce buyer demand, which increases available choices and cuts competition. Lenders typically tighten standards in recessions, and inventory doesn't usually fall, so the other statements are less likely.
- Housing prices are down.
- Less demand means more options for buyers.
- Less demand means less competition with other buyers.
Brief why: Recessions often push prices lower and reduce buyer demand, which increases available choices and cuts competition. Lenders typically tighten standards in recessions, and inventory doesn't usually fall, so the other statements are less likely.
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