Analysis The Effect On Residential Price Of35Big Cities From Macroeconomic Influence Factors

With China’s rapid economic growth, the importance of the real estate industry in the national economy has become increasingly prominent, and has gradually developed into our basic, guiding and pillar industry, and is increasingly becoming the growth point of national economic development. However, at the same time, China’s real estate industry, also have many problems.In recent years, housing prices are rising. Although prices declined in2008, the year financial crisis accurred, the effect of bailout policies in2009, rendering of the4trillion investment, made China’s property market fully warm up, price once again set into the general up of the era. The2009Dubai crisis also attracted more people to concern in the real estate industry in China, especially the concern of high prices.In this regard, studying the mechanism of housing prices, understanding the influencing factors and the reasonableness of recent housing prices, determining the different effects of different aspects of factors become very importantly significant for the direction of the real estate market regulation.This paper discusses the level of demand, supply, real estate finance and macroeconomic factors of panel data35city since the1998reform of the housing system, through the panel model analysis, found the level of demand factors obviously, one of the most significant factors affecting the residential price is expected, residents incomes and savings balance influence on housing price time, supply level--one of the factors of land price also has significant influence on housing price.The empirical results confirmed, our country nearly ten years of residential prices, primarily by the requirement level and the influence of its leading role, in addition, rising land prices and housing prices rise factor. The Chinese government for the residential market regulation policy influence on housing price and can quickly produce effect.