Analysis should include
- economic factors associated with the community
- the impact of the real estate market on schools and the impact of schools on the real estate market
- employment/industries (growth/development)
- long-term effects.
DPOR correlation: 18VAC135-20-400. 1 (Economy and social impact of real estate); 18VAC135-20-400. 2 (Real estate market and analysis)
Process/Skill Questions:
- How does the growth or decline of industry affect the real estate market?
- How do short sales/foreclosures affect home/property values?
- How can demographics influence the real estate market?
- What is the effect of public and private transportation on real estate property values?
- What effect does the perceived value of schools have on the purchase decision?
- How can a school division’s reputation affect real estate prices?