answersLogoWhite

0


Best Answer

Prices go down as people have less money to spend.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How are home prices affected by a recession?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are high gas prices causing recession?

No. Gas prices have not caused this recession. This is because of the severe credit crunch.


What affects global food prices?

The global food prices are affected by many different things. It all has to do with the rates of the globe. If we are making more money, and more people have jobs the prices are going to go up. But when we are in a recession the prices will lower to compensate for that.


Which sector in India is affected by recession?

IT


Which countries are least affected by the recession?

Countries such as Turkey, India, China, Qatar, Canada and Australia are seen to be least affected by the recent recession.


Most affected countries during recession?

In the recent recession the main affected countries are The U.S.A ,Europe, Japan and China and Asia as well.


Why have airline ticket prices to New York rocketed considering there is such a lot of competition on this route?

Tickets worldwide have rocketed recently, this is all due to fuel prices and taxes. Not only that but Airlines are also affected by the recession.


When overall prices are decreasing are you in recession?

You are in deflation. This may be due to a recession or to other factors.


Who is indirectly affected the global recession?

people


Why was India not affected by the recession?

The wealthy are very wealthy and the poor very poor so in generally speaking the recession does hit but neither feels the difference. The wealthy can aford the new prices and the very poor only buys things for basic life.


How does a recession in one country affect another?

International trade is affected by recession very much.


Was coca cola been affected by the recession?

no never.


What are the Sectors in India affected by recession?

tertiary sector