They’re related, but different things. Interest rate changes could (will) reduce demand because people can’t “afford” what they used to be able to. Mass layof

They’re related, but different things. Interest rate changes could (will) reduce demand because people can’t “afford” what they used to be able to. Mass layoffs can lead to people being forced to sell because they can no longer afford payments, or have to move. Edit: and increase supply. Somehow I missed saying this explicitly. These two things together could be particularly bad for the local area.