The Impact of Corporate Ownership on Residential Transaction Prices

Mark G. Dotzour and Donald R. Levi
Additional contact information
Mark G. Dotzour: Department of Finance, Insurance & Real Estate Campus Box 98004 Wichita State University Wichita, Kansas 67208, http://www.wichita.edu/
Donald R. Levi: Department of Finance, Insurance & Real Estate Campus Box 98004 Wichita State University Wichita, Kansas 67208, http://www.wichita.edu/

Journal of Real Estate Research, 1992, vol. 7, issue 2, 207-216

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%.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1992
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol07n02/v07p207.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:7:n:2:1992:p:207-216

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().