Property Valuation
In Kansas, when a neighborhood shifts from owner-occupied to rental housing over a period of years, appraisers would note this as a(n):
AAppreciation trend
BNeighborhood transition that may affect property values and comparability of sales for appraisal purposes✓ Correct
CExternal improvement requiring upward adjustment
DSign of stable and healthy housing market
Explanation
Neighborhood transitions from owner-occupied to rental housing can affect property values and market dynamics. Appraisers note such transitions in neighborhood analysis and must consider their impact on value.
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