Property Valuation
Regression and progression are appraisal principles that state:
AProperties automatically increase in value over time
BA higher-value property's value is pulled down by nearby lower-value properties (regression) and vice versa (progression)✓ Correct
CValue regresses in down markets and progresses in up markets
DOlder properties decline while newer ones appreciate
Explanation
The principle of regression holds that a property of higher value is adversely affected by surrounding lower-value properties. Progression states the opposite — a lower-value property benefits from being surrounded by higher-value properties.
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