Personal Finance is a dead group.

How does the availability of credit in a community affect the housing market there?

The availability of credit has no affect on the housing market.

The less credit available, the higher the cost of housing.

The availability of credit determines whether or not people put their homes up for sale.

The more credit available, the higher the cost of housing.,

Question

Chace Moody

Mathematics

19 February, 10:59

Personal Finance is a dead group.

How does the availability of credit in a community affect the housing market there?

The availability of credit has no affect on the housing market.

The less credit available, the higher the cost of housing.

The availability of credit determines whether or not people put their homes up for sale.

The more credit available, the higher the cost of housing.,

+2

Answers (1)

Know the Answer?

Jenna · Answer 1

The answer is the more credit available, the higher the cost of housing. As more people are able to afford housing, it will increase the demand for housing. Since the supply of housing is largely stable in the short-term, this will cause higher housing costs.