Question

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

Answer 1

Housing prices are down.

Less demand means more options for buyers.

Less demand means less competition with other buyers.

Step-by-step explanation:

A recession is when there is a slow economy or a decline in the economy of a country. This means that there will be reduced activity in factories, trade, and the economy.

So, when there is a recession, then there will be lower rates of housing prices, which means it will be easier for consumers to buy a home. Moreover, since there will be less demand, there will be less competition for buyers and also more options for the buyers.

Thus, the correct answers are the first, third, and fourth options.