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Home ownership has drastically decreased since the economic downturn. Explain.

a

because of the changes made in the Credit laws

b

due to the sudden shift in the nature of the federal towards the middle class Americans

c

due to sudden losss incurred in the real estate business of a large number of people

d

because people are making broad cuts in their spending

e

None of these

Answer : Option E
Explanation :

From the paragraph 2, we can easily infer that there is a decline in home ownership over the years as even in the second quarter of the year, the U.S. homeownership rate was 65.1%, which is the lowest since 1995 as in the mid-2000s it topped with 69%. Hence none of the options is correct in the context of the passage.

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