Studies Of The Impact Of Price Fluctuations On Housing Vacancy Rate Based On Inflation Expectations Perspective

Since the reform and opening up, the level of economic development of the country get a large degree of improvement and life condition of the people also continue to improve and the demand of living conditions has increased rapidly in recent years. Since the start of the urban housing system reform in 1998, with the rapid development of national economy, the real estate market growing prosperity, the real estate industry has gradually become a mainstay industry of macro economy.When the real estate industry became market-oriented track,Chinese real estate prices showed a general upward trend, especially between 2002 and 2013, housing prices having increased significantly. Because housing demand is the most basic needs of the people, the housing problem is a major issue related to social stability. Therefore,in the context of high housing prices, the housing issue has become the focus of a high degree of social concern and the government should take the responsibility to protect the people’s basic living needs. With the development of Chinese real estate industry, many of the problems have gradually come out from the developing process,the main problems includes high house price earnings ratio, unreasonable house supply structure, high housing vacancy rate,and government property over-reliance on housing market. If we do not make a positive and effective control over real estate market,these problems will have an extremingly serious impact on Chinese real estate market and even affect the healthy and stable running of Chinese economy and resulting in serious consequences. Either the real estate market run overheat or downturn is not conducive to Chinese economic development, macroeconomic need a healthy and stable real estate market, it is necessary for government to take proper control over the market. From the perspective of inflation,this article take housing prices as the breakthrough point to analyze the correlation between housing prices fluctuations and housing vacancy rate. What the current status of Chinese housing vacancy is, how housing price fluctuations affect the vacancy rate, and how regulate the real estate market develop orderly are the main purpose of this article. In this paper, we apply the relevant economic data from of 35 cities 2004 to 2012 to analyze how Chinese housing price fluctuations affect housing vacancy rate based on inflation perspective.According to the empirical research results in this paper, fluctuations in housing prices significantly affecting the housing vacancy rates, housing prices and housing vacancy rate are positively correlated, that is the rise of housing prices increasesvacancy rates. Therefore, the government should take effectively control measures over real estate market, squeezing out the bubble and prompting housing prices return to normal levels, so that make the real estate market develop orderly and meet the basic living needs of the people.