Xi'an Housing Price Influence Factor Analysis And The Empirical Research

A city is the result of the long time development of human society. Urban housing production is an indispensable basic element in business activities of cities. With China's urbanization process and promotion of the in-depth reform of the housing system, housing is gradually become the new economic growth point. Real estate (housing industry as the core) is not only a capital-intensive, high-affiliated industry, but also is a basic industry providing necessities. Residential prices is in the lives of ordinary people, but also related to a city's development potential and competitiveness, more related to financial stability and macroeconomic policy. In a market economy, urban housing, only the important role of the market mechanism can achieve optimal configuration, City housing prices is central to the operation of the housing market. Therefore, the study of factors affecting urban housing prices and the mechanism is of great significance.On the macro level, residential prices have been due to political, economic, social, administrative and other factors, but overall can be summed up in two major aspects which are supply and demand. On the micro level, as domestic products are heterogeneous products, value in the products pose a significant difference between the various features. The different characteristics influence residential property prices in the different degrees. Overseas scholars often do some research using Hedonic price model.From macro and micro perspectives, the article adopt a comprehensive vision to analysis factors affecting residential prices, based on the analysis of the norms, using time series data and cross section data of Xi'an residential, build the factors affecting price of residential building model and do empirical analysis.In macroeconomic analysis, consulting domestic scholar theory of the demand and supply, the article not use the traditional methods in analysis of the supply and demand curve. It passed both the supply and demand model analysis which use time series data. At the micro level, domestic scholar often use rent theory, location theory, and urban residential market analysis more for a wide range of qualitative research, lack of quantitative analysis and empirical research. By Xian 163 domestic house samples, the article uses basic model to calculate the characteristic features of residential prices of Xi'an and reveals the different characteristics of the impact of housing price level. Hedonic price model using residential prices, which broke through the traditional real estate market analysis framework. Research is to use the horizontal and vertical data from the micro and macro perspective. The article establish evaluation and analysis of mathematical models to explore the impact of the price factor and its impact on urban residential, provide an analytical tool for the government to make policy, housing developers and the consumers to purchase house.