As the housing bubble collapsed, the cycle of defaults and falling prices began that would ultimately cause home values to:
A) fall by more than 90 percent in the hardest-hit areas.
B) stop rising, practically halting the mortgage loan industry for a number of years.
C) fall by more than 50 percent in the hardest-hit areas.
D) fall by about 25 percent in the hardest-hit areas.
Correct Answer:
Verified
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