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Economic indicators
Measures that look to the past, current and future direction of the economy and may have an impact on the real estate market. Each month government bodies, including the Federal Reserve System and several economic institutions publish economic indicators, such as the following:

Economic life
Expected period that property will provide benefits and is typically less than the physical life of the property. Depreciation is usually based on the economic life.

Economic obsolescence
Loss of property value due to external forces or events.

Economic rent
The amount of rent a property commands in the open market.

Economic value
Worth of property based on the relevant economic factors.

Economies of scale
Situation by which the average per square foot cost of construction declines as building size and volume expands.

Economy
Brick 4 x 4 x 8 inch sized brick.

Eddy
A condition of fluid flow, such as water or air current moving contrary to the main current, which affects the construction of HVAC or plumbing systems.

Eddy current braking
Induction of a back current working against motor rotation to brake an electric motor.

Eddy current testing
Nondestructive checking to correlate the electromagnetic properties of an object with its physical properties.

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