When housing prices ________,as they did beginning in 2006 following the housing market bubble,consumption spending on furniture,appliances,and home improvements decline as many households find it ________ to borrow against the value of their homes.
A)rise; easier
B)rise; harder
C)fall; easier
D)fall; harder

Question

Quizplus · Accepted Answer

When housing prices fall, it becomes harder for households to borrow against the value of their homes. This is because their equity in their homes decreases, making it harder for them to tap into that equity to spend on furniture, appliances, and home improvements.

When Housing Prices ________,As They Did Beginning in 2006 Following