This paper investigates the causality relationship between sale price and trading volume under housing presale system by using the data of existing house price, presale house price, trading volume, and the number of new construction from 1993Q1 to 2010Q4 in four spatial housing submarkets,...

In the literature on microeconomics regarding tenure choice documentation, house price is usually viewed as one of the most important parameters. Taiwan experienced very dramatic real estate cycles in the past several decades. However, the homeownership rates looked quite stable and consistently...