Study On The Factors For The Development Of Personal Housing Mortgage Loan In China

Since the new century, with the speeding up of urbanization and the rising of housing price, there has been huge development in the real estate market. This not only made great contribution to the rapid development of the economy in China, but also greatly promoted the development of the real estate finance and personal housing mortgage loan. At present, China’s new normal has become the consensus of us, the top priority is how to guarantee the stability of the real estate industry’s growth by deepening the reform of real estate finance and promote its financial products innovation to minimizes the real estate bubble. Therefore, with the use of theoretical research and empirical research method in this article, we analyzed the factors that affecting personal housing mortgage loan of our country. Finally, we put forward some suggestions for standardizing the development of housing mortgage loan and promoting the development of real estate financial innovation.First of all, we summarized and expounded the researching background, researching significance and literature review at home and abroad. Then we analyze the present situation of personal housing mortgage in our country.Then with the use of econometrics, this paper carried on empirical test to study the factors that influence personal housing mortgage loan in our country with the data from 2000 to 2013. In this paper, the empirical test results show that the commercial housing prices and the improvement of people’s income have positive influence in personal housing mortgage loan.Finally, we not only analyzed some major problems of personal housing mortgage loan in China, but also compared the development of housing mortgage loan between China and the United States whose housing mortgage loan market is the most mature in the world. Besides, we put forward some suggestions in order to further promote the long-term stable development of personal housing mortgage loan in China.