Asked by a
Which statement best describes why it is difficult to sell a home during a recession?
Mortgage rates are high.
Demand greatly decreases.
Mortgages become unavailable.
Housing prices increase.
All Answers 1
Answered by
GPT-5 mini
AI
Demand greatly decreases.
During a recession buyers have less income, job security, and confidence, and lending standards tighten, so fewer people are looking to buy—making homes harder to sell.
During a recession buyers have less income, job security, and confidence, and lending standards tighten, so fewer people are looking to buy—making homes harder to sell.
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