Economic Growth, The Protection Of Housing Supply To The Impact Of Real Estate Prices

In recent years, as China’s real estate prices continued to rise rapidly, people are increasingly concerned about the cause of the rise in real estate prices, the future direction and solutions. Factors affecting the real estate prices have macroeconomic factors also have micro factors; economic factors also have institutional factors. No matter what the factors are, the supply and demand are the two aspects of the real estate market to influence the price of real estate. The real estate market can be divided into the real estate market and Affordable housing market, both of which are different but related. This paper studies the factors affecting the residential real estate market prices.Based on the research results, combined with the actual situation of China’s real estate market in recent years, it studies residential real estate prices in the real estate market. According to the theory of the real estate market, the paper starts gradually from key factors influencing the price of real estate. Using the real estate market statistics and national macroeconomic data, the paper establishes spatial panel model taking into account the interaction region. Through the empirical analysis of the real estate prices and the contribution of each factor influencing factors of various factors, it obtains the conclusions.By using calculation of quantitative analysis method, the paper obtains several empirical results. Firstly, land transfer payments and economic growth are two important factors to promote real estate prices;Secondly, supplying of Affordable housing in the short term does not significantly affect the real estate market prices, in the long run have a certain extent;Thirdly, Real estate prices correlate negatively with housing transactions, and increasing housing transaction volume(reduction) will cause real estate prices fall(rise).