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.
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Answer 1

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

Step-by-step explanation:

Buying a home during a recession can be a good decision for some consumers because:

1. Housing prices are down: During a recession, housing prices tend to decrease, making homes more affordable for buyers.
2. Less demand means more options for buyers: With fewer people looking to buy homes, buyers have a wider selection to choose from, increasing their chances of finding the right home.
3. Less demand means less competition with other buyers: The decrease in demand makes it easier for buyers to negotiate and secure a favorable deal, as there is less competition compared to a booming housing market.

Learn more about advantages of buying a home during a recession