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Real Estate Glossary
For your convenience, we've compiled a list of words and phrases to help you understand Real Estate better.
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The increase in the value of a property due to changes in market conditions, inflation, or other causes.
Looking for terms related to appreciation?
to see them.
A decline in the value of property; the opposite of
. Depreciation is also an accounting term which shows the declining monetary value of an asset and is used as an expense to reduce taxable income. Since this is not a true expense where money is actually paid, lenders will add back depreciation expense for self-employed borrowers and count it as income.
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