Question

How do high unemployment rates in a community affect the housing market there

A. It raises the cost of housing
B. It has no affect on housing costs
C. It lowers demand for housing which usually reduces value
D. It leads to new construction

Answer 1

A. it raises the cost because the people are trying to keep there house and if they cant then they make more money because they get kicked out and more people come in. it's a cycle