According to the reading "Priced to Perfection," what is the primary reason given as to why house prices have been able to rise significantly in the past decade?
A)Decline in borrowing costs
B)Increases in take-home pay
C)Increases in the cost to rent
D)Declining house valuations

Question

Quizplus · Accepted Answer

The primary reason given in the reading for the significant rise in house prices in the past decade is the decline in borrowing costs. This has made it easier for people to obtain mortgages and has increased demand for homes, leading to higher prices.

According to the Reading "Priced to Perfection," What Is the Primary