“…Typically, when researchers attempt to explain deviations of housing prices from the mean, they focus on fundamental shocks [ 14 ]. Currently, studies on the factors influencing housing price differences within countries have concentrated on urban population [ 15 , 16 ], employment [ 17 , 18 ], economy [ 19 , 20 ], industry [ [21] , [22] , [23] ], land prices [ 24 , 25 ], and other urban fundamentals. In addition to these aforementioned factors, housing financialization has an important influence on housing price differences and cannot be ignored.…”