A principal residence may qualify for a homestead rebate. The concept that a house will be more likely to appreciate in value if it is similar to other houses in the neighborhood. Principle of Substitution Highest amount a property is worth equal to the amount that would have to be paid to buy equivalent property in the market place. Principal of Supply and Demand Economic principle determining the market prices of goods, services, and property. The principle states that there is a pricing relationship between supply and demand.
Economic forces interact affecting the overall pricing relationship.
If demand increases and the supply remains constant, then the price will increase. However, an increase in price will then spur increased supply, which will tend to depress prices. Print Free Term for paint that is dry and cannot be damaged by touching. Prior Something that came before. Something having a higher level of importance or ranking.