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The Research Of Housing Price Fluctuation And Supply-Demand Relation In Hebei Real Estate Market

Posted on:2012-05-13Degree:MasterType:Thesis
Country:ChinaCandidate:Y ZhangFull Text:PDF
GTID:2189330332987128Subject:Land Resource Management
Abstract/Summary:PDF Full Text Request
In recent years, with the development of economic in our country, housing problem has become a focal point in the livelihood issues. Many people can't afford to buy a house on account of the high house price, even some people became mortgage slaves. This situation attracts the government's high attention. However, object has its own reason to develop, and real estate is no exception. Commodity prices are usually affected by the supply-demand relation, and the high house price also has a close relationship to the supply-demand relation in the real estate market. The research of the relationship beteewn supply-demand and prices has great practical significance for the real estate market.Based on the supply-demand theory, price decision theory, equilibrium theory in real estate market, this paper deeply analyzes the economic development in Hebei province, the development situation of real estate market, the housing price fluctuation influenced by supply-demand relationship in Hebei, and also conducts an empirical research. In the model, the average selling price of commodity house in Hebei is the dependent variable. The independent variables are cost of completed houses, area of completed buildings, the per capita disposable income, saleable area and the urban population in Hebei province. In order to achieve the optimal model, firstly, remove the variable whose impact is not obvious for the housing price. For the rest of the variables do regression analysis, the regression result reveals the influence degree and direction between the variables and the housing price. Among them, the per capita disposable income has great influence to the housing price, and the correlation is positive. On the contrary, other variables appear negative correlation. According to the data analysis, the paper gives suggestions to ensure that the real estate market can develop healthily, points out the inadequacy of this study and gives prospects for further research.
Keywords/Search Tags:real estate market, house price fluctuation, supply-demand relation, Hebei province
PDF Full Text Request
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