A Significant Reason for the Collapse of the American Housing

Multiple Choice

A significant reason for the collapse of the American housing market was

A) predatory lending.
B) sudden hikes in interest rates made homeowners fall behind on payments.
C) the assumption that home prices would continue to rise led to risky loan measures.
D) home prices were so high that average workers could not afford to buy them.
E) foreclosures by foreign investors.