Question

Why might buying a home during a recession be a good decision for some consumers? Check all that apply.

a.Housing prices are down.
b.It is easier to get a mortgage.
c.Less demand means more options for buyers.
d.Less demand means less competition with other buyers.
e.Fewer houses are on the market.

Answer 1

A, C & D

Step-by-step explanation:

During a recession, property prices tend to fall sharply. They did so in the last recession of 2008.

In recessions, home sellers are unlikely to inflate prices. Recessions affect the banking sector adversely. It means many people have no access to credit. As a result, they are few buyers in the market hence less competition for properties.

Buying a house is in a recession is a good idea due to the following reasons.

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