How does interest rates affect real estate?

I have to write a 3 page paper about this. I already know the basics of this answer but what more can I write other than... high interest rates make your mortgage more expensive in higher payments which will make the buyer pay more money, versus low interest rates more people will be inclined to take out loans,... show more I have to write a 3 page paper about this. I already know the basics of this answer but what more can I write other than... high interest rates make your mortgage more expensive in higher payments which will make the buyer pay more money, versus low interest rates more people will be inclined to take out loans, purchase a home, blah blah what else can i write?
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