When the housing market bubble burst,many people found that:

Question

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When the housing market bubble burst, home prices plummeted and many homeowners found themselves owing more on their mortgages than their homes were worth. This is known as being "underwater" or "upside-down" on a mortgage. Option B is incorrect because it was actually more difficult to sell homes during this time due to the oversupply of homes on the market. Option C is incorrect because home values decreased during this time, causing many homeowners to owe more on their mortgage than their home was worth. Option D is incorrect as option A is true.

When the Housing Market Bubble Burst,many People Found That