@article{ART002092639},
author={Choi, Sunyoung and Lee Seunghoon and Jin, Chan Woo and Lee Cheonghun},
title={Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2016},
volume={88},
pages={25-41},
doi={10.15793/kspr.2016.88..002}
TY - JOUR
AU - Choi, Sunyoung
AU - Lee Seunghoon
AU - Jin, Chan Woo
AU - Lee Cheonghun
TI - Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions
JO - The Korea Spatial Planning Review
PY - 2016
VL - 88
IS - null
PB - 국토연구원
SP - 25
EP - 41
SN - 1229-8638
AB - This study explores availability of real-estate market consumer sentiment index to estimate real-estate overheating regions. We analyze 51 monthly housing trading market consumer sentiment indexes and housing trading volume of 78 administrative districts in Seoul metropolitan area by panel FDL model and LISA.
Through these empirical analyses, we draw some findings as follows. First, we verify that housing trading market consumer sentiment has an influence on actual housing transaction immediately. According to the panel FDL model, housing trading market consumer sentiment index has positive effect on period 0 and 1 in Seoul Metropolitan Area. Second, we find out that housing trading market is overheated on certain regions at certain points. By comparing estimated value through model and actual trading volume, 22 administrative districts stand out as overheating regions on March, 2015. In addition, there are spatial clustering patterns in Dongducheon-si(in Gyeonggi-do), Jung-gu(in Seoul) and Ojeong-gu(in Bucheon-si, Gyeoggi-do) as a result of LISA.
This study implies that real-estate market consumer sentiment index can be an important factor to conduct a research on the real-estate market. Moreover, this study puts a meaning in regard to figure out the spatio-temporal patterns of overheating regions.
KW - Real-estate Market;Real-estate Overheating;Consumer Sentiment Index;Housing Trading Volume;Panel FDL Model;Local Indicator Spatial Autocorrelation(LISA)
DO - 10.15793/kspr.2016.88..002
ER -
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo and Lee Cheonghun. (2016). Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions. The Korea Spatial Planning Review, 88, 25-41.
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo and Lee Cheonghun. 2016, "Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions", The Korea Spatial Planning Review, vol.88, pp.25-41. Available from: doi:10.15793/kspr.2016.88..002
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo, Lee Cheonghun "Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions" The Korea Spatial Planning Review 88 pp.25-41 (2016) : 25.
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo, Lee Cheonghun. Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions. 2016; 88 25-41. Available from: doi:10.15793/kspr.2016.88..002
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo and Lee Cheonghun. "Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions" The Korea Spatial Planning Review 88(2016) : 25-41.doi: 10.15793/kspr.2016.88..002
Choi, Sunyoung; Lee Seunghoon; Jin, Chan Woo; Lee Cheonghun. Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions. The Korea Spatial Planning Review, 88, 25-41. doi: 10.15793/kspr.2016.88..002
Choi, Sunyoung; Lee Seunghoon; Jin, Chan Woo; Lee Cheonghun. Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions. The Korea Spatial Planning Review. 2016; 88 25-41. doi: 10.15793/kspr.2016.88..002
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo, Lee Cheonghun. Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions. 2016; 88 25-41. Available from: doi:10.15793/kspr.2016.88..002
Choi, Sunyoung, Lee Seunghoon, Jin, Chan Woo and Lee Cheonghun. "Exploring Availability of Real-estate Market Consumer Sentiment Index to Estimate Real-estate Overheating Regions" The Korea Spatial Planning Review 88(2016) : 25-41.doi: 10.15793/kspr.2016.88..002
