Dynamic Impacts Relationship Between Indemnify Housing,economic Fluctuation And Real Estate Price

With the continuous development of China's social economy,real estate prices in all regions continue to rise.On the one hand,in recent years,people's livelihood problems such as housing difficulties have appeared in various regions,and on the other hand,the overheated development has brought huge hidden dangers to the sustainable development of China's social economy.Although the country has introduced a number of real estate price control policies and affordable housing policies,the overall real estate prices in various regions still maintained a rising trend,and the scale of affordable housing construction is still at a low level.In this regard,this article will study the dynamic relationship between the construction of affordable housing,economic fluctuations and real estate prices,and provide theoretical basis for the government to formulate policies.First of all,the paper analyzes the dynamic relationship between the construction of affordable housing,real estate prices and economic fluctuations,and then,determines the main research content of this paper:the impact of the construction of affordable housing on the real estate market supply and demand,and then affect the real estate prices.Indemnify housing construction influences social and economic fluctuations by affecting the relative income of residents and the development of real estate-related industries,which in turn leads to social and economic fluctuations.Real estate price fluctuations affect social consumption and investment through wealth effects,direct investment effects,and then,leading to social-economic fluctuations.Secondly,this paper uses cluster analysis method to divide regions of China's 29 provinces(except Shanghai and Tibet)according to different types of real estate markets,and establishes a global vector auto-regressive model using impulse response analysis and variance decomposition analysis from regions and provinces.Two angles to study the one-way dynamic impact between affordable housing construction,real estate prices and economic fluctuations.Finally,in conjunction with the research results,and according to the actual situation in China,make appropriate policy recommendations to government agencies.Through the above analysis,the main research results of this paper are as follows:(1)The construction of affordable housing does have effect on real estate prices,but the effect of affordable housing construction on the real estate market is also significant.However,in different real estate market regions,the impact of affordable housing construction on real estate prices and land expropriation in the real estate market are different.(2)The construction of affordable housing has a positive effect on the social economy,but there are differences in the degree of regional impact on different real estate market types.For the level of social consumption,the construction of affordable housing will increase the relative income level of low-income families and stabilize the consumer's expectations of house prices,thereby promoting the level of social consumption.In the aspect of social investment,the construction of affordable housing will promote affordable housing.The development of the market and related industries has led to an increase in the level of social investment.(3)The increase in real estate prices has a positive effect on the social economy,but the degree of impact on different real estate market regions is different.For the level of social consumption,the rise in real estate prices in the short term will cause fluctuations in the level of social consumption,but in the long run,the degree of impact will be small.For the level of social investment,the increase in real estate prices has a positive effect on the level of social investment,but there are differences in the degree of impact on different regions.