Decreasing property values is the likely result of an announcement of the closing of an industrial plant that is a region's major employer.
The reasonable, likely, and lawful use of vacant land or improved real estate that is physically possible, is properly supported, is financially feasible, and yields the best value.
One of the problems in evaluating quality housing is: Many of these homes were custom built for their current owners and may not meet the needs and desires of their buyers. There are very few quality homes for sale in any market at any given time.
These four stages can occur over a relatively short period of time, but they usually take decades. During the growth phase, the region is in high demand and generally accepted. A growth period is one in which rents are rising, property values are rising, employer growth is strong, and the region reflects prosperity.
Learn more about the industrial plants at
https://brainly.com/question/4314017
#SPJ4
