Abstract
Recently, housing market is experiencing the differential flow of housing prices by region. This study analyzed the volatility of the housing market using data on housing prices and transactions from January 2009 to June 2019 in Busan, Ulsan and Gyeongsangnam-do. As a result of the analysis, housing prices in Seoul were different from those in Ulsan and Gyeongsangnam-do, and there was no significant correlation with Busan. Busan, Ulsan and Gyeongsangnam-do are likely to become sympathetic in terms of fluctuations in housing prices due to their spatial proximity. This is an integrated result of regional factors such as supply and demand conditions, development situation and economic situation in the housing market and national factors such as policy regulation and activation policy. The various housing policies announced in 2009 to solve the problem of unsold housing in the local housing market have influenced the differentiation between housing prices in Seoul and Busan, Ulsan, Gyeongsangnam-do from 2009 to 2012. From 2013 to 2016, housing price volatility in Seoul, Busan and Ulsan moved in the same direction because the housing market has risen nationwide as the government s policy of easing real estate to revitalize the economy and low interest rates have combined. However, there was no correlation between housing price changes in Seoul and Busan, Ulsan, and Gyeongsangnam-do from 2017 to June 2019.
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