Abstract
Abstract The purpose of this study is to explore the causal and precedence relationships between the housing sub-market and the results of a consumer sentiment survey about the housing market. This study investigates the relationships between the survey results and an apartment deal price index by size and bidding price rate in apartmentauctions by extending research related to consumer sentiment surveys. We surveyed the Seoul Metropolitan Area andanalyzed the results using a unit root test, cointegration test, Granger causality test, and cross-correlation test. It wasconfirmed that causality exists between the survey results and apartment deal price index by size and bidding pricerate, and it was also confirmed that there are correlation and precedence relationships between them. Keywords : The consumer sentiment survey, House sub-market, Apartment market by size, Apartment auction market 본 논문은 국토연구원이 주최하는 「2015 국토연구원 부동산시장 연구논문 공모전」에서 제공한 데이터를 토대로 수행된 논문입니다. * Corresponding Author : Joo-Hyung Lee(Hanyang Univ.) Tel: +82-2-2220-0276 email: joo33@hanyang.ac.kr Received March 10, 2016Accepted April 7, 2016Revised (1st March 22, 2016, 2nd April 5, 2016)Published April 30, 2016
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