Property Valuation
The principle of progression holds that:
ASmaller homes lose value in upscale neighborhoods
BA lower-value property's worth is increased by surrounding higher-value properties✓ Correct
CProperty values always increase over time
DImprovements always add their full cost to property value
Explanation
The principle of progression states that a lower-value property can benefit in value by being located among higher-value properties, as buyers associate it with the more desirable neighborhood.
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