| we found the real estate prices in different regions have the same trend, but their growth rates are different through comparing typical city's real estate price. According to the economic developing situation, we divided 28 cities In to two regions—eastern, middle-western. We dynamically analyzed the factors, which determined real estate price fluctuation, based on panel data model. In these models, we considered the impact of monetary policy on house price specially. The conclusions areas follows: Firstly, the effects of credit policy in eastern cities is stronger, and middle-western cities is weaker. So we think the credit policy is effective to control eastern city's house price. Secondly, fluctuation of house piece is more dependent on its economic conditions. |
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