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Which of the following tends to result in an increase in the selling price of houses in an area?

A. An increase in property taxes.
B. A decrease in mortgage interest rates.
C. A decrease in the population of the city or town.
D. An increase in the construction of new homes.



Answer :

GinnyAnswer

Final answer:

Increasing construction of new homes leads to higher selling prices for houses due to a potential shortage of housing supply.


Explanation:

An increase in the construction of new homes tends to result in an increase in the selling price of houses in an area. When more homes are being built, it can create a shortage of housing supply, increasing prices.


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