Property Valuation
Regression and progression are appraisal principles that mean:
AProperty values increase and decrease with inflation and deflation
BA higher-value property is pulled down by lower-value neighbors (regression), and a lower-value property is pulled up by higher-value neighbors (progression)✓ Correct
CAppraisers use trending data to project future value
DProperties regress to their land value when improvements become worthless
Explanation
The principle of regression states that a high-value property will decline in value if surrounded by lower-value properties. Progression is the opposite — a lower-value property benefits in value from being located among higher-value properties.
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