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.

Answer 1

- Housing prices are down.
- Less demand means more options for buyers.
- Less demand means less competition with other buyers.

(It's typically harder to get a mortgage in a recession and there may not be fewer houses on the market.)