| Summary: | 碩士 === 國立高雄科技大學 === 國際企業系 === 106 === Past studies mainly focused on real estate prices, but rarely discussed the confidence level of home buyers. Therefore, this study selected the quarterly data from 2002 Q2 to 2014 Q2, which were divided into five regions and included mortgage rates and business Indicators to explore the dynamic relationships among the variables. The empirical results shows that there is a common integration in the long term. In the short run, Taipei City, New Taipei City and Taichung City are affected by the business indicators and mortgage rates. The Kaohsiung City area is only affected by the business indicators. At the same time, it was found that the trend of house price trends in each region was positively correlated with the initial mortgage rates. It indicated that when the mortgage rates increased, as long as the mortgage rates still in the range of buyers, buyers would still maintain confidence in the market and would not be affected by the increase in mortgage rates.
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