The purpose of this study is to investigate that what factors
closely relate with housing demand and how they affect on
housing demand. In order to obtain a correct results,this study
builds the multiple-regeression models of housing demand and
The purpose of this study is to analysize the cause of housing
problems and consider housing policy in housing demand. The causes
for housing problems are described below. First, housing are
supplied without the consideration of housing demand. S
trendy design, cheap prices, rapid turnover of goods and low inventory.
General fashion industry releases new seasonal goods. On the other hand, fast fashion industry releases new goods once in two weeks. They can show a variety of designs as they hired general designers instead of a few star designers.
= That means a new concept of housing policy including
small and medium-sized house and rental house.
* In that policy, public could consider their condition more
properly in choosing house supplied by government.
* Government implemented that policy to stabilize middle-
class's housing demands
< The direction of housing policy promoted by government >
Ⅱ. Literature Review
In Korea, since 1970's, the population in South Korea has begun to concentrate in Capital Region. As entering 1980's, Housing Demand has radically increased even though Housing Supply was relatively insufficient. It leads to the increase of land price and real estate problems began to come up. After this, by the late 1980's, the government carried out policies like "주
(1) Bubble increase of the housing industry.
Following is the background of Bubble increase of the housing market.
Easy Money Policy of FRB(Federal Reserve Board)
In the housing industry of USA formed mortgage-system, the interest-rate is the factor that decide market price and adjust the demand and supply of the housing market, and also is main channel of currency policy.
housing prices began surging in 2006, the State Council published six regulative measures in May to adjust the structure of residence supply, focusing on the development of medium and small houses to satisfy the demand of ordinary buyers. These policies were aimed to stabilize the housing price and not to reduce it. Despite the measures, because of China’s fast growing economy and the high depo