Neighborhood Life Cycle

Definition of "Neighborhood life cycle"

Manuel (Manny) Florescu real estate agent

Written by

Manuel (Manny) Florescuelite badge icon

Real Estate One

Changes occurring in neighborhoods over time. The neighborhood life cycle includes the phases of birth, early growth, maturity, and decline. Not all neighborhoods pass through them more quickly the others. Neighborhoods decline for several reasons. The physical aging and deterioration of the building structures as well as the aging of the population contribute to the overall decline. Architectural obsolescence also makes these neighborhoods less attractive. Other changes include the intrusion of a business or industrial area into the neighborhood detracting from its overall quality.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

A company that is terminated within 3 years. According to the tax law, a gain arising from the sale or liquidation of such a business is considered ordinary income to the individual ...

An account into which payment is made for particular expenses to assure that money will be available. An example is a special account the homeowner's attorney establishes for advance ...

Also called functional depreciation. Loss of value that results from improvements that are inadequate, outdated, overly adequate, or improperly designed for today's needs. May be curable or ...

Device that cuts off an electric circuit when the current becomes to strong. ...

Most typically, the definition of real estate spread implies the difference between the price offered by a home buyer and the initial amount asked for by the seller of real property. It ...

Structure built into the water from the land providing a facility for boats to tie up. A dock will often provide utility access ...

Restoring real property to an improved state. The restoration is usually needed because the property's condition has worsened. ...

A method of brick construction where the bricks are laid with their sides facing outward. ...

Return before taxes on the capital invested in real estate property. ...

Popular Real Estate Questions