All of the following are examples of how changes in economic conditions can affect property value except:

The impact of changes in economic conditions on property values is a key area of focus in asset management. When considering the effect of various factors on property value, it’s important to understand how tangible economic shifts influence real estate.

Changes in wage levels can directly affect property values as they influence the purchasing power of consumers. Higher wages typically increase demand for housing, raising property values. Similarly, the opening of a new factory can lead to job creation in the area, attracting more residents and subsequently driving up property demand and values. The closing of a military plant works in the opposite direction, potentially leading to job losses and reduced demand for nearby housing, which could decrease property values.

In contrast, the increase in the number of two-parent working families, while potentially beneficial for household income and stability, does not inherently affect property values in the same immediate, direct manner as the economic changes outlined in the other options. This statistic could reflect broader social trends that may influence demand over time, but it is not as clear-cut in its impact on property valuation compared to the more direct economic shifts in the other choices.