Rising home prices between 2002 and 2005 caused
A) a construction boom.
B) homeowners to feel wealthier.
C) homeowners to increase spending.
D) Each of these answers is correct.

Question

Quizplus · Accepted Answer

Rising home prices between 2002 and 2005 caused a construction boom, as developers sought to take advantage of the high demand for housing. Homeowners also felt wealthier as the value of their homes increased, and this led to increased spending on home improvements and other purchases.

Rising Home Prices Between 2002 and 2005 Caused