Hsueh, Li-Min; Tseng, Hsi-Peng; Hsieh, Chang-Chiang - In: International Real Estate Review 10 (2007) 1, pp. 119-150
price, vacancy rate, and moving rate are derived and estimated using 3SLS. The estimation results show that, in 1990, in a … rate; however, the housing vacancy rate did not display a negative impact on housing price as expected. The results for … 2000 show that housing price did not significantly affect the vacancy rate; however, the vacancy rate had a negative impact …