housing price Archives | Be Korea-savvy
Dearth of Affordable Apartments for Median Income Households in Seoul as Housing Prices Spike

Dearth of Affordable Apartments for Median Income Households in Seoul as Housing Prices Spike

SEOUL, April 25 (Korea Bizwire) — The number of apartments that median income households can afford to buy in Seoul has declined sharply over the past five years, primarily due to a surge in housing prices. According to the data that Rep. Chung Woo-taik of the People Power Party received from the National Assembly Budget [...]

Sharp Rise in S. Korea’s Home Prices Poses Economic Risks: Report

Sharp Rise in S. Korea’s Home Prices Poses Economic Risks: Report

SEOUL, Sept. 30 (Korea Bizwire) – South Korea’s soaring housing prices, like those in other Asian countries, can cause downside risks for the broader economy, a report by the Asian Development Bank (ADB) said Sunday. In the updated version of the Asian Development Outlook, the international development financial institution warned that elevated housing prices threaten [...]

Soaring Housing Prices a Conundrum for Homebuyers, Policymakers

Soaring Housing Prices a Conundrum for Homebuyers, Policymakers

SEOUL, Mar. 2 (Korea Bizwire) — Purchasing a home may be the largest-ever financial transaction for many ordinary citizens, such as Han Jung-min, a 40-something office worker who dreams of settling down in the posh district of Gangnam in southern Seoul. The problem facing such first-time homebuyers always boils down to timing — is it [...]

Homebuying in Seoul for Youngsters Equivalent to 38 Years of Full Savings

Homebuying in Seoul for Youngsters Equivalent to 38 Years of Full Savings

SEOUL, Nov. 28 (Korea Bizwire) – It would take more than 38 years for the young generation of today to save enough money be able to buy an apartment in the capital, if they save all of their disposable income, statistics showed Monday.  The average monthly disposable income for people 39 years old or under [...]

Using Artificial Intelligence to Analyze Stocks, Exchange Rates, and Housing Prices

Using Artificial Intelligence to Analyze Stocks, Exchange Rates, and Housing Prices

SEOUL, June 28 (Korea Bizwire) – A Korean research team has developed an artificial intelligence system that can analyze constantly-changing stocks, exchange rates, and housing prices.  A team of scientists from the Ulsan National Institute of Science and Technology, led by professor Choi Jae-sik, developed a ‘Relational Automatic Statistician System’, which is an AI-based system [...]

Americans’ Attitudes Toward the Housing Market Reflect Steady but Slow Recovery, “Normal” Housing Levels Still a Ways Off

Americans’ Attitudes Toward the Housing Market Reflect Steady but Slow Recovery, “Normal” Housing Levels Still a Ways Off

WASHINGTON, July 7, 2014 (Korea Bizwire)–Consumer confidence in the housing market has trended upward significantly during the recovery but continues to be less than needed to return to “normal” housing levels, according to results from Fannie Mae’s June 2014 National Housing Survey. On average, consumers’ 12-month home price change expectation remained in positive territory in [...]