전세서비스시장의 변화에 관한 연구

A Study on Chonsei Service Market Variation

Housing service can be viewed as a consumption good or investment good. This study reflects the views of decision-makers of potential homeowners in that their decisions can be made based upon the economic cycle where they rather stay in rental home during the downturn. This study is to show and test whether Chonsei value react to market situations, in other words, consumers' behavior. This study was based on literature review and statistical analysis. For the statistical varification, regression analysis was utilized to prove the results. The estimated result shows that Chonsei price is inversely related to investment market sentiments in which housing price expectation is used as alternative independent variable. The implications for the findings for policymakers and the housing rental market are important and possibly reassuring. The absence of strong evidence to suggest fundamental shifts in preference for homeownership following the economic downturn should assuage concerns that the investment sentiments has irreversibly changed in the last few years. It appears that demand for home; in other words, the drivers of homeownership preference, is related to market conditions in that lowered investment merit leads to wait-and-see attitude (staying in rental home). The theoretical model, Stock-Flow model, shows that lowered likelihood of buying stemming from external shocks to the market results in altering perceptions about the appeal of monthly renting over Chonsei. This would shifts the graph bringing about Chonsei price to increase. It is noted that homeowners' renting pattern exhibit strong associations with stated preferences for housing investment sentiments. The results provides usefulness in times of market downturn where tenants are suffering from increased rents.