Question

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

Housing prices ar d
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.
down.
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Answer 1

Buying a home during a recession can be advantageous due to lower housing prices, easier access to mortgages, and increased options for buyers.

Step-by-step explanation:

Buying a home during a recession can be a good decision for some consumers for several reasons. First, housing prices are often lower during a recession, allowing buyers to potentially get a better deal on a property. Second, it is usually easier to get a mortgage during a recession as interest rates tend to be lower and lenders may be more willing to approve loans. Lastly, less demand during a recession means more options for buyers and less competition with other buyers. This can give buyers more negotiating power and the opportunity to find the perfect home.

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