Tag: decreased property values

Which Statement Best Describes Why it is Difficult to Sell a Home During a Recession?

Which Statement Best Describes Why it is Difficult to Sell a Home During a Recession?

Selling a home during a recession poses unique challenges that stem from reduced buyer demand, limited financing options, declining property values, and extended time on the market. Homeowners need to be prepared for negotiation challenges and potential delays in finding a suitable buyer.