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

Upon satisfaction of a mortgage or other debt payments, the deed releases property, or a portion of it, form the incumbrance. Often it is used in circumstances where a deed of trust is ...

Neighborhood square somewhat resembling a park. It is often owned by town or row house owners situated near the square. ...

One who represents a zone such an elected leader of a region. He or she have dealings with the county's officials in matters affecting that zone. ...

Products, services, markets, and even humans are often subject to swift and unpredictable changes that go against all previous expectations. In other words, they’re volatile. What is ...

Measure of the typical U.S. family's ability to buy a home, published by the National Association of Realtors. When the Index measures 100, a family earning the median income has exactly ...

The escrow fee is basically how the escrow agent or manager get his/her compensation for assisting and handling both the parties and the funds involved in escrow. In real estate, the ...

Map showing the kinds of soil in a designated locality. ...

Increase in the amount of money available for businesses and people to by real estate because of lower interest rates. Easy money stimulates spending on investment such as houses. See also ...

Net return rate earned on an equity investment in real estate after deducing any interest costs and taxes. ...

Popular Real Estate Questions