When interest rates rise,the demand for houses tends to __________,decreasing the demand for skilled trade workers and mortgage specialists.

Question

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When interest rates rise, mortgage payments become more expensive which leads to a decrease in home affordability, causing a decrease in demand for houses. As a result, the demand for skilled trade workers and mortgage specialists also decreases because fewer houses are being built and fewer mortgages are being processed.

When Interest Rates Rise,the Demand for Houses Tends to __________,Decreasing