Studies On Housing Affordability Of Xi’an Residents Based On ARIMA Model

Since ancient times, basic necessities of life are the fundamental of people’s lives.Those not only need to meet the housing needs of the person who has ability to pay, butalso to meet the needs of all walks of life. In recent years, with China’s rapid economicdevelopment and urbanization process, China’s commercial housing prices continue torise, the demand for housing is more and more high, and the housing problem hasbecome increasingly the focus of attention. In the market economy, China’s reform ofthe housing allocation system continued to deepen, the main consumer of the housingmarket gradually shift from collective to individual residents, the residents should havethe ability to pay the appropriate quantity of money in order to obtain certain gradehousing. Consumers choose to pay housing consumption, according to their ability.Real estate developers develop different products by estimating the housingaffordability of the population of the different income classes. Therefore, housingaffordability becomes an important indicator to research the real estate market andhousing policy.Combined with China’s specific national conditions, the paper analyze the relevantdomestic and foreign materials, the housing affordability of Xi’an residents is the objectof study, that analyzes the measurement and the Influencing factors of housingaffordability, the paper mainly analyzes the Influencing factors of housing affordabilityfrom the three indicators they are Housing Price to income Ratio, Housing Affordability,Rent-to-income Ratio. The influencing factors are Real estate prices, income and rate.The paper comprehensively analyzes the development trends of the housingaffordability of Xi’an residents, explores the policy toward of Xi’an real estate market.By constructing a time series model, the paper predicts the housing affordability level ofXi’an residents in the next three years. Finally, the paper proposes the relevant policy recommendations to improve residents’ housing affordability. These policyrecommendations will provide consultation for the government. With the developmentof the real estate industry in China, the country’s macro-control policy standardize withthese factors. Therefore, in order to enhance the affordability of residential housing. Weshould Link to the indicators of housing affordability and housing security policy. Theresearch methods and conclusions of this article provide reference value for thegovernment to plan the development of house and introduce the housing security policy.