An Empirical Study Of Real Estate Price Fluctuations

Since the1998welfare housing distribution system was abolished, the real estateindustry has gradually become a pillar industry in China’s economic and socialdevelopment. In order to alleviate the impact of the financial crisis in2008, in2009introduced a four trillion investment stimulus, then, China’s real estate market beganto rapidly active. After housing prices rose rapidly in recent years, the real estatemarket bubble is gradually emerging, highly concerned about the government and thecommunity.Currently, the price changes in China’s real estate market has drawn increasingattention in depth investors and residents to discuss the impact they caused even thegovernment’s decisions. In recent years, the rapid development of China’s real estatemarket, the scale is gradually expanding, the rapid growth in house prices for thevarious sectors of China’s economic development has had a profound impact, but afterall, the development of China’s real estate industry is still in the relatively low level ofimmature stage, which appeared in the development of more significant problems.Relation to the national economy as a key industry, fluctuations in the real estateindustry to become an important reason for our economic fluctuations is anindisputable fact, how to solve its development brought soaring housing prices, clearthe real estate market bubble, keep the real estate market in order to achieve a healthy,stable the purpose of development is the most important issue of our currentlivelihood, so it has a real estate price trends is very important.The article first summarizes the background of domestic real estate market at thisstage, raised fundamental questions, purpose, significance and research methods.By learning the knowledge, summed up the theoretical basis of the relevantcharacteristics of the real estate market and prices, and after a lot of study on thevarious scholars of literature influencing factors of real estate prices, the gradualestablishment of research ideas. Articles are from the demand, supply, macro-economic and other factors theoretically qualitative analysis of the factorsaffecting the real estate prices generated, and using relevant data to be simplydescribed. Shijiazhuang-based real estate market, real estate prices are selected torepresent a quantifiable impact indicators, using2002-2012data measurement andanalysis of the main categories of specific factors affecting prices. In the statisticaldescription, based on a factor analysis and econometric model to classify the merger-related influencing factors and indicators to measure the contribution of prices, andthus the main factor affecting results Shijiazhuang real estate prices: the empiricalregression from a single factor results, the impact on prices of the various explanatoryvariables were more significant, where the population size and the gross regionalproduct prices impact on the greatest efforts. Considering the ground situation, realestate development and investment in the money supply affect real estate prices inShijiazhuang greatest efforts. For this result, the article finally take control policiesrecommended in combination, to improve the real estate market-oriented, and strictlycontrol credit scale real estate industry, and improve housing security system, controlthe proportion of real estate investment and other measures to stabilize prices.