Property Valuation
A neighborhood is zoned residential but has deteriorating properties, declining rents, and increasing vacancies. What stage of the neighborhood life cycle does this describe?
AGrowth
BStability
CDecline✓ Correct
DRevitalization
Explanation
The neighborhood life cycle has four stages: growth (development), stability (equilibrium), decline (deterioration), and revitalization (renewal). Declining property conditions, falling rents, and rising vacancies are characteristic of the decline stage.
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