The selling price of houses is most likely to increase after a drop in which area?

Responses

population of the city or town

population of the city or town

the construction of new homes

the construction of new homes

mortgage interest rates

mortgage interest rates

government regulation

1 answer

The selling price of houses is most likely to increase after a drop in mortgage interest rates. When mortgage interest rates decrease, borrowing becomes cheaper, allowing more buyers to qualify for loans and enter the housing market. This increased demand can lead to a rise in home prices.

In contrast, a drop in population, an increase in the construction of new homes, or certain government regulations may not boost prices and could potentially lead to price declines or stagnation.