A Study of Foreclosure Final Bid Price Index– The Example of Taipei City

• Main Authors: Kao Chi Yuan, 高啟原
• Other Authors: Dr.Hsin-Yu Shih
• Format: Others
• Language: zh-TW
• Published: 2011
• Online Access: http://ndltd.ncl.edu.tw/handle/30320767141058629288

碩士 === 國立暨南國際大學 === 管理學院經營管理碩士學位學程碩士在職專班 === 99 === In this study, We have collected the Foreclousure final bid cases for empirical analysis through the periods of 2001-2010 from the Taipei City, measured through the EViews software tested to identify the impact of the key factors of Foreclosure Final Bid Price Index, and establish a foreclosure hedonic price model, and the hedonic price model estimated by foreclosure from 2001Q1 to 2010 Q4 making 40 quarters of the Foreclousure standard real estate prices, and with each season the number of foreclosure numbers given to 2001Q1 for the base period, and set up for Foreclosure Final Bid Price Index from the preparation of Laspeyres index、Passche index and Fisher index. For example then prepared respectively to Foreclosure Final Bid Price Index -Laspeyres index, and the overall price index and other economic factors to compare, compare the way. (1) The direct comparison between the index (2) Differences in comparison with the previous quarter change (3) Differences in comparison with changes in the base period. Summarizes the main conclusions of this study are as follows： 一、The hedonic price model prepared 1.The hedonic price method with the index formula can be used as the preparation of Foreclosure Final Bid Price Index method, foreclosures take a long time to understand the trends set the direction of the price index 2.Buildings area, the times of make bids, the number on the ground floor or location will effect Foreclosure Final Bid Price Index for the preparation of the key variables. 二、Compared with the overall economic factors Foreclosure Final Bid Price Index given the volatility of the price index will be less than the volatility of changes in economic indicators, and the central bank discount rate, secured loans rate, the benchmark lending rate showed inverse relationship with the real estate market supply and demand side changes direction and trend. 三、Relationship with other price indices Through empirical analysis found that foreclosure film set price index and other price indices associated with a certain degree, the future can be determined by Foreclosure Final Bid Price Index to establish the index to predict Re-house and pre-sale homes price trends. 四、Through empirical analysis of this study can be summarized, although the number of foreclosures in recent years, Taipei has a decreasing trend, but the film is obviously a fixed price rise, price indices by making the preparation of foreclosure, may determine real estate market in another sub-market price trend, with the price trends on behalf for Re-house price index of Sinyi Housing Price Index and house price trends on behalf for pre-sale price index of Cathay Pacific to understand the trend of the overall real estate market prices, as the government released the next property price index for reference.