The Study On The Disequilibrium Of Housing Market In China

After 20 years, China's real estate industry developed, and achieved remarkable results. However, during the rapid process of the real estate industry developed disequilibrium phenomena are growing more serious. This paper firstly had a brief introduction on the theories of equilibrium and disequilibrium theory, then studied the manifestations, reasons and results of urban housing market under disequilibrium. And the paper had some positive analyses from the total quantity of supply and demand, the structure of supply and demand, price and so on in the light of concrete Wuhan housing market. We used some indicators such as housing vacancy rate, the proportion of housing price and income etc. when analyzing. Lastly the paper put forward some political advices to country's macro-control on housing market on the base of macro-control theory.The housing market moving under disequilibrium firstly expressed for the disequilibrium of total amount. On one hand the coexisting of enormous potential demand and insufficient effective demand; on the other hand the total amount of the surplus is supplied coexisting with insufficient effective supply, it is wasted that the ones that have caused social resources are enormous. Secondly it expressed for the disequilibrium of structure. The main performance applied the supply quantity of the Economic-functional-house too little, the comparison of high, medium and low rank of merchandise house not reasonable, the second-hand housing market developing slow etc. Thirdly it expressed for the disequilibrium of district development, not only expressing for the east, center and west developed unevenly, also expressing for each internal province also existing obvious disequilibrium phenomenon in the east, centre and west. There are many reasons for these disequilibrium phenomena, mainly including the market mechanism being not perfect, country's macro-control on housing market being powerless, local governments being inactive, financing methods being single and financing threshold being low of the real estate market etc. The direct result of the housing market's not- balanced movement is high price and high vacancy coexisting.This paper put forward some proposals such as improving the supplying system of Economic-functional-house and Low-rent-house, optimizing housing structure, strongly promoting medium and small housing type, developing the second-hand housing market and lease market, developing and perfecting the housing financial market, converting the local governments' behavioral mechanism, guiding residents to set up right conception of housing consumption.