What is the term for the analysis of the economic factors affecting property values?

The term for the analysis of the economic factors affecting property values is correctly identified as market analysis. Market analysis involves examining various economic factors such as supply and demand, local economic conditions, employment rates, and interest rates, which all play a significant role in influencing property values. This process helps assess how economic trends impact market conditions and ultimately affect real estate pricing.

While options like physical depreciation analysis, economic obsolescence analysis, and functional obsolescence analysis each pertain to specific aspects of property valuation, they do not encompass the broader economic analysis that market analysis entails. Physical depreciation focuses on the wear and tear of a property, functional obsolescence looks at changes in design or technology that reduce a property's desirability, and economic obsolescence evaluates the impacts of external economic factors but is more limited in scope compared to market analysis. Thus, market analysis is the comprehensive term that captures the essence of examining economic factors affecting property values.