Changes in a Preference on Housing Tenure and Demographic Transitions = A Case Study of Chungnam Province

다국어 초록 (Multilingual Abstract)

This study analyzes drastic changes in owner-occupancy due to the financial crisis in 2008 in the Chungnam housing market. The significant decline of the housing owner-occupancy rate in Chungnam in the late 2000s is affected by the changes in the preference for housing owner-occupancy or conditions of housing markets rather than a demographic transition, which is different from the phenomena in the first half of the 2000s irrelevant to the financial crisis. About 2/3 of the change in owner-occupancy in the late 2000s could be explained by the change in preferences. Under the assumption that owner-occupancy contributes to residential stability, in order to strengthen it, along with the long-term demographic transition such as increase in single-person households, rise of the female head rate, and low fertility/aging, the short-term preference or changes in housing market conditions should be considered in housing-related policy development.