What term refers to an influence on value based on future events?

Anticipation is the term that refers to the influence on value based on expected future events. In real estate, anticipation plays a significant role in determining how property values can fluctuate over time. For instance, if a new commercial development is proposed nearby, potential buyers may anticipate an increase in property values in the area, leading them to be willing to pay more for nearby homes. The idea is that people often make decisions based on what they expect will happen in the future, which can significantly impact market value.

Perpetuity refers to a financial concept often used in real estate assessments that relates to a stream of income expected to continue indefinitely, but it does not address the influence of future events directly. Desirability relates to the appeal of a property based on its features and location but does not specifically incorporate the notion of future expectations. Scarcity refers to the limited availability of properties in a given market, which affects supply and demand but again, does not factor in future anticipatory influences.