A Study on the Effect of Consumer Sentiment on Housing Sales and Auction Market : Targeting the Apartment Market in Seoul

This study attempted to analyze the impact of consumer sentiment on the housing sales market using vector error modification model for the housing sales market and auction market.As a result of the apartment sales market model analysis, the apartment sales price index was described by consumer sentiment index, and interest rates, and interest rates were shown in the order of aging index, and interest rates.In particular, consumer goods and interest rates increased, the higher the explanation of apartment sales prices increased. As a result of the apartment auction market model analysis, the change in apartment auction market, interest rates, interest rate, interest rate, and economic growth rate, and economic growth rate was analyzed as the next to the housing sales market consumer sentimentIn particular, economic growth rate shows high explanation power over long-term and interest rates, and interest rates increased by consumers and interest rates increased.As a result of the two models, the housing auction market, interest rate, interest rate, interest rate, interest rate, interest rate, economic growth rate, and economic growth rate, economic growth rate, and economic growth rate.Therefore, the direction of participating in the housing market is necessary to understanding of economic variables such as housing consumption sentiment, such as housing consumption psychological changes in housing market, such as housing consumption sentiment.