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| The Impact of Corporate Ownership on
Residential Transaction Prices Author: Mark G. Dotzour and Donald R. Levi Start Page: 207 Abstract: A perception exists in
the appraisal and brokerage industry that houses sold by corporate relocation firms (or
corporate employers) sell at a discount in the residential market. The purpose of this
article is to empirically determine if corporately owned houses do sell at a discount. A
sample of 278 residential transactions in one community is used in a hedonic pricing model
to test the hypothesis. The results indicate that corporate properties sold at a discount
of nearly 5%. |
