Title: Explain why the value of real property is dynamic.
Course: Real Estate (12154) > Section: Analyzing the Real Estate Market

Explanation should include the

- influence of rezoning, inflation, crime rate, high density, foreclosures and short sales, and desirability
- influence of disruptions (e.g., pandemics)
- increase or decrease of energy costs
- the availability of/access to transportation
- job availability.

DPOR correlations: 18VAC135-20-400. 1 (Economy and social impact of real estate); 18VAC135-20-400. 2 (Real estate market and analysis); 18VAC135-20-400. 20 (Appraisal of residential and income producing property)

Process/Skill Questions:

- How does rezoning affect property values?
- What is high density?
- What is down zoning?
- What is inflation?
- What are factors associated with a growing or a declining neighborhood?