How can a poor housing market put home buyers in a financially unstable position?
AChanging property values means it’s easier to find homes with low rental costs.
BWhen the home value decreases, property taxes and insurance costs increase.
CHouses are valued lower than their purchase prices, so the home equity decreases.
DHome buyers lose all tax benefits and tax incentives when the housing market goes down.
EMortgage payments can increase even though the home value decreases.
