주택가격과 경제변수의 관계분석

A Study on Relation of Housing Price and Economic Variables

1. CONTENTS (1) RESEARCH OBJECTIVES The purpose of this study is to analysis the rising cause of housing price through the relation of housing price and economic variables. (2) RESEARCH METHOD This study analyzed through Cross correlation coefficient analysis, Granger causality test, impulse response analysis. (3) RESEARCH FINDINGS The housing price rise to the comparative expansion of commercial banks mortgage loans which has stability and high lucrativeness that come along with housing price and household debt rate. Therefore, Since housing price has been focused on housing mortgage loans it would restirct house hold mortgage loans, the rapid rising interest rate on mortgage loans cause household debt that makes declining consumption and recession and negative cause like the declining asset soundness of financial institutions. 2. RESULTS The economic policy must sustain continuity and consistency, but the repeated deregulation of housing project policy makes housing market unstable that causes the housing price rise, so it is necessary to maintain the consistent housing policy.