regression real estate

In real estate, the principle of regression is simple. It is the phenomenon of valuable properties having their value diminished by the surrounding lower-value properties. If you’re familiar with the advice to “buy the cheapest house on the block,” you’re familiar with the principle of progression, which is where a low-value property’s appraised value is boosted by the presence of the high-value properties surrounding it. Regression is the opposite of progression, and it is a legitimate concern for home sellers and buyers. As a real estate agent, keep yourself up to date on the average home values in the neighborhoods ...