Question

Why might buying a home during a recession be a good decision for some consumers? Choose three answers.

Housing prices are down.
Dit 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.
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Answer 1

Buying a home during a recession can be advantageous due to lower housing prices, easier mortgage opportunities, and more options for buyers.

Step-by-step explanation:

Buying a home during a recession can be a good decision for some consumers for several reasons. Firstly, housing prices tend to be down during a recession, which means buyers may be able to find more affordable options. Additionally, it can be easier to get a mortgage during a recession as interest rates are typically lower. Finally, the lower demand in the housing market during a recession means that there are more options available for buyers, and less competition compared to when the market is booming.

Learn more about advantages of buying a home during a recession