Which statement accurately reflects the principle of change?

The principle of change in real estate emphasizes that property values are influenced by ongoing trends and changes in the market. This encompasses various factors, such as economic conditions, demographic shifts, and technological advancements, which can lead to fluctuations in value over time.

When option B states that trends influence property valuations significantly, it accurately captures this principle by acknowledging that real estate is dynamic. Market conditions are constantly evolving, and these trends can significantly impact demand, supply, and ultimately, property values. For instance, the rise of remote work might increase demand for homes in suburban areas, thereby affecting their value.

On the other hand, the other options present misunderstanding or misrepresentation of how change works in the real estate market. Claiming that real estate values are static and predictable overlooks the inherent variability influenced by numerous external factors. Suggesting that only past trends should be considered ignores the importance of current and future trends in assessing property values. Lastly, asserting that change has little effect on property values contradicts the fundamental nature of real estate, which is profoundly impacted by ongoing economic, social, and environmental changes.