주택대출 선택이 주택가격 변동에 미치는 영향에 대한 실증분석

• 영문명: An Empirical Study on the Effects of Mortgage Choices on House Price Dynamics
• 발행기관: 한국지역개발학회
• 저자명: 유승동(You Seung Dong) 신승우(Shin Seung Woo)
• 간행물 정보: 『한국지역개발학회지』제24권 제2호, 29~45쪽, 전체 17쪽
• 주제분류: 사회과학 > 지역개발
• 파일형태: PDF
• 발행일자: 2012.06.30

영문 초록

This paper investigates an empirical relationship between house price dynamics and mortgage choices between adjustable- and fixed-rate mortgages. As increasing housing costs generally reduce housing demand, house prices are likely to decrease as real housing cost increases This paper shows that as borrowers prefer to choose more adjustable rate mortgages rather than fixed rate mortgages in the U.S. metropolitan areas, house prices are more likely to decrease further with a negative shock of housing costs. This implies that house prices are much more volatile in markets in which more borrowers prefer to choose adjustable rate mortgages like a Korean market.

목차

1. 서 론

2. 이론적 배경

3. 분석 자료

4. 실증 분석

5. 결론 및 시사점

주

참 고 문 헌

키워드

주택담보대출(Mortgage Loan) 주택가격(Housing Price) 사용자 비용(User Cost)