What is the importance of a city having a diverse local economy with respect to the performance of its housing market? (Select all that apply.) A city with a local economy that depends strongly on its housing market is likely to do what it can to sustain that market.

A city with a diverse local economy is likely to suffer a significant economic downturn if its housing market suffers.

A city with a local economy that depends strongly on its housing market is likely to suffer economically if that market contracts.

A city with a diverse local economy is well equipped to resist an economic downturn if its housing market suffers.