The Study On The Real Estate Price Fluctuations

Real estate is an important component of nation's wealth in modern social economy, and is also a pillar industry of national economy. The dual assets characteristics of real estate make price changes affected by many factors. Real estate price volatility has tremendous impact at the national economy, industry development and household consumption.Therefore, the theoretical analysis of the real estate prices, the understanding of real estate prices as well as the relationship between factors and analysis of the law and price volatility level, and then the understanding the substance of real estate price changes become very necessary. Based on recalling the situation of domestic and foreign research, this paper can be divided into four parts:Part 1 is about the theory of the real estate price fluctuations. The contents of real estate prices start to proceed, and then the real estate price fluctuations from the value of the Marxist point of view are analyzed, and then with the market mechanism of supply and demand fluctuations are discussed, and finally the analysis on the real estate bubble in asset pricing theory and speculation are carried out.Part 2 is about the analysis of influencing factors on real estate price volatility. There're many factors affecting the real estate price fluctuations. The economic fundamentals, policies, land price factor, virtual economic factors and psychological factors such as expected price volatility of real estate are conducted in-depth analysis in this paper.Part 3 is about the study on real estate law fluctuation. First of all, types of real estate price fluctuations were introduced, and then the long-term trends, cyclical fluctuations in real estate prices, seasonal fluctuations and the random fluctuations of the features, rules and volatility of the measure for all types of methods are introduced.Part 4 is about the study of Price Volatility on Wuhan City Commercial Housing. Based on previous theories, long-term trends, cyclical fluctuations, seasonal fluctuations and random fluctuations of commercial housing prices in Wuhan have been analyzed with the method of quantitative analysis, and the reasons and their respective variation have been summarized.Based on above analysis, the conclusions are drawn and the corresponding paper's policy recommendations are provided to offer information for government policy-making and people on investment and consumption rationally. Finally, in this writing, several deficiencies are pointed out and I'm looking forward to have further improvement.