An analysis of housing prices between 1987 and 2008 indicates that prices
A) increased sharply in the five years leading up to the housing bust in 2007.
B) were relatively stable before dropping sharply in 2001.
C) rose steadily during the 1990s, but declined sharply beginning in 2001.
D) were erratic, but there was no discernable trend during either the 1990s or 2000-2006.

Question

Quizplus · Accepted Answer

Housing prices increased sharply in the years leading up to the housing bust in 2007, particularly from 2002 to 2006, due to factors like easy credit and speculative investment.

An Analysis of Housing Prices Between 1987 and 2008 Indicates