| National economy of China has got a reform and openness during the past 30 years, develop at full speed, the people living standard has improved unceasingly, system reformation and city and town reform of the housing system deepen unceasingly and the progressing, housing construction pace having got a substantiality accelerate land use, the housing has consumed effective starting, resident housing condition has had very big improvement. The Chinese city real estate market giving first place to the housing has further developed, has brought the important effect into play to fueling economic growth and raising the people's living standards. Real estate business correlation degree high, spurs a force on strong, the employee is a lot of, already become our country pillar of the national economy estate. Keep continue for, healthy, stable development of our country real estate market, accelerate the very important significance pushing forward socialist modernization drive having to building an overall well-to-do society. Real estate economy and the marketplace are sometimes easy to produce fluctuation under various factor effect but, investment and the output value fluctuation affect entire national economy , house price fluctuation affects people's wealth and the welfare being related to entire society etc.The central government is developed to real estate business having given attach great importance to, a whole set of policies appearing personally from the country the recent years is it can be seen, health making every effort to be real estate in adopt various measures develops always all the government escorting the Emperor convoying. Therefore, go deep into the effect studying real estate price law forming mechanism , fluctuation and runoff coming into being from this, and accordingly work out relevance policy , be that duplicates each other in the weight that real estate studies.Real estate is the important commodity involving the interests of the state and the people , regular financial order , economic development level , resident's living standard wait for whose price height to bring about gigantic effect to real estate business self's the development of industry , the country developing , being related to as well as the city develops status. State Council has announced "about deepening city and town reform of the housing system in July, 1998,be accelerated the notice " that the housing builds, the material object demanding to stop a housing starting from the second half of the year in 1998 is assigned , is realize a housing step by step monetization, this has been indicating our country "housing reform" moving forward according to all-round to commercialization and the socialization fixed goal , has also been has been indicating our country real estate business having stepped into the become market-oriented development stage really. But, our country real estate market promptness grows up in recent years having arrived at the all-important effect, but another aspect despite of one aspect gets up to the living standard boosting national economy increasing by, improving a city and town dwell, if structure contradiction , financing channels single , house price skyrocket investing in hot shot, supply and demand etc., have revealed that our country real estate market develops hit the target at present some problems also sufficiently, at full speed go up to our country real estate market and entire house price national economy health has developed the austere challenge having taken form especially, has also has become at present the academic circles hot spot and difficult point problem. Therefore, be still the angle that demonstration studies disregarding being to study from theory, quantitative analysis our country house price goes up at full speed cause , the analysis and then to real estate price evolution characteristic, have very important practical or immediate significance.Because now that real estate once growing a consumer goods, both and be that a kind of invests in a product, feasible real estate price acute fluctuation appears on meeting as peculiar attribute with investment of product, like finance assets is other the same.. Real estate business is a highly concentrated industry of capital , whose building time is relatively longer , available funds a bit and difficult easy degree are having direct impact to real estate price fluctuation therefore and. We are not difficult to find that according to the first chapter the first section to architectural analysis of our country real estate market exploitation mode of financing , being that real estate develops the mode of financing structure) is that the fluctuation how to affect real estate market price's is natural is that every method is common shows solicitude for. Domestic from the main source composing real estate market development capital gets a loan , makes use of foreign capital , funds raised by oneself as well as other fund this four aspect, adopt the 1 quarter relevance data in 1999 till the 4th quarter in 2007, on the analysis, and here basis primo usage HP wave filtering method is carried out on our country real estate fluctuations in prices characteristic, The function amending the model , broad sense pulse respond to and the method that method difference breaks up applying joint entire analysis , error carry out in depth meticulous analysis on the impact of different mode of financing over the present stage our country real estate market fluctuations in prices, purpose be be building-up and perfect healthy, rational real estate financing channels and financing way provide certain enlightenment effect.Commercial housing industry for economic development and market expansion of domestic demand and improve people's living standards have a great role in the housing industry with high value-added content and integrated economic, housing industry is a natural hot-spot issues, and the core issue of housing prices is the issue . The price of housing because of their unique nature of commodity prices than any other form of a more complex. By analyzing the domestic and foreign scholars in the China's domestic commodity prices on the issue of research, we found that most of the research are from a party and the study of housing prices, more comprehensive study of the income from the perspective of the study area of commercial housing price formation Article less. This paper analyzes the economic theory of the market price of housing factors; then use descriptive statistics tool for all areas of our domestic commodity prices and revenue analysis. China revealed the system of regional price of housing and income changes and differences in the extent of the law. Then through the use of the 1998 - 2006, China's 30 provinces (except Tibet) area of residential real estate prices and the incomes of urban residents, and other related panel data, related to the establishment of an econometric model, the income level of each area of commercial housing in China The impact of the price difference between empirical analysis.The study found in 1998 - 2003, the eastern, central and western parts of the impact of prices on the income coefficient 0.2815,0.0846 and 0.0783 respectively, and significantly greater than the eastern part of central and western, central and western slightly larger than that, but the difference was smaller ; In 2004 - 2006, the eastern, central and western parts of the impact of prices on the income coefficient 0.3249,0.1208 and 0.1029 respectively, the same eastern region than in Central and Western, Central and slightly larger than the west, but the difference was smaller . It is clear that the results described above statistical results. Since 1998, that the abolition of welfare housing system, regional differences in income levels is the main reason for the difference in price. Real estate price wealth the effect is a real estate effect all-important channel in macro-economy. United Kingdom-American the developed Western countries practice waiting for real estate market to develop parallel maturity has indicated the very important impact, real estate wealth increasing by has arrived at starting from making prosper to consumption. At the same time, the academic circles go into also indicates real estate price go up abroad having comparatively notable wealth the effect, is the all quantity go up, and then increasing by promoting consumption be able to arouse resident wealth being accompanying house price go up. In our country, come over the past few years, the whole nation range inner real estate price continues clambering rising , house price consumption going up at full speed being to have promoted a resident be still the consumption having restrained a resident but, is short of at present still convincing go into. Face especially revolution of type period pulling an ejector half in pulling an ejector half from investment changing to consumption in economic growth the insufficient phenomenon of the present stage our country economic growth consumption, study the relation between real estate price and resident consumption behavior has important reality and guiding significance. Besides, from house price go up at full speed what be initiated problem such as unbalance and foam investing in hot shot , supply and demand structure has also aroused respectively square attention of society , the central government has been 2004 control and stabilize house price many times to have adopted macro-control policy, what the centre line increases interest , monetary policy effect that can produce to the quality of life of city and town dwell that this reduces then so far, 10 times. This is also a hot spot and difficult point that our country academic circles and the department concerned show solicitude for at present. Because of this, real estate price data and relevance interest rate , the effect having studied our country real estate market wealth affects as well as the invisible income gap and interest rate policy consume behavior to different invisible income crowd, purpose is that policy provides the certain theory basis , promotes our country real estate business and healthy stable national economy development thereby for the central government works out rational macro-control. |
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