Research On The Formation Mechanism And Dynamic Factors Of Commercial Housing Prices Based On The Correction Carey Model

Throughout the decades of real estate industry’s development in China, we couldfound that even housing price is increasing steady in the long term, the characteristicsof housing price volatility and fluctuation trend is significant disparity between eachperiod. As the basic unit of China’s urban construction and a necessary component ofdaily life, the volatility of residential price has a decisive impact on China’surbanization and social development.Based on this consideration, combined with Carey again amended this articletheoretical models, construction Department of Ministry of construction focusing onmonitoring and control of three cities and the35two-stage panel data, the creation ofindividual and individual fixed effects panel data models with random effects: anempirical test, analysis found that: land cost, construction cost, the per capita disposableincome of urban residents, urban population, Broad money supply, and expectations isthe main influence factors of commercial housing prices in China and then for differentfactors to make relevant policy recommendations, with a view to improving the effectof government policies for commodity housing market regulation.So run features on the housing market and make accurate trend analysis andforecasting to safeguard the healthy development of the housing market, maintainingthe stability of the national economy and social cohesion is of important practicalsignificance.