Which of the following factors is considered an economic influencer of property value?

Interest rates and employment trends are key economic influencers of property value because they directly affect the purchasing power and financial capacity of potential buyers in the real estate market. When interest rates are low, it often leads to lower monthly mortgage payments, making home purchases more accessible for a larger number of people. Conversely, high-interest rates can restrict buyer activity, leading to a decrease in property values.

Employment trends also play a critical role; when employment rates are high, individuals have more income and confidence in their financial stability, often resulting in increased demand for housing. Conversely, if employment is declining, it might lead to reduced demand for housing, which can depress property values.

Together, interest rates and employment trends create a broader economic environment that influences how much buyers are willing to pay for properties, and thus, they significantly impact overall property values.