When home prices are falling we would expect

Name: When home prices are falling we would expect
Brand: Quizplus
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Question

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When home prices are falling, it is likely that homeowners have negative equity, meaning they owe more on their mortgage than their home is worth. This can lead to a higher risk of mortgage defaults, as homeowners may be unable or unwilling to continue making payments on a property that is losing value. Therefore, we would expect high mortgage default rates.

When Home Prices Are Falling We Would Expect