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In 2004, homeownership in the US was at 70%. With so many people owning homes, the price of homes began to fall, leading to a
In 2004, homeownership in the US was at 70%. With so many people owning homes, the price of homes began to fall, leading to a decline in new home construction. Which of the following was an outcome of these events? a. Re-sales of existing homes increased. b. Availability of mortgages began to rise. c. Interest rates began to rise. d. Subprime borrowers began paying off their loans in greater numbers
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