Property Valuation
A Florida neighborhood is experiencing 'filtering' in the housing market. This means:
AHousing quality is declining as wealthier residents move to newer areas and lower-income residents move in✓ Correct
BEnvironmental contamination is filtering through the soil toward residential properties
CThe local government is filtering out substandard housing through code enforcement
DReal estate investors are filtering out overpriced properties from their portfolios
Explanation
In real estate, 'filtering' (or filtering down) describes the process where higher-income households move to new or better housing, and older housing gradually filters down to successively lower-income groups as it ages. This is a natural market process.
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