On the Mechanism of Real Estate Market Expectation' s Function to Housing Price in China

被引:0
|
作者
Tao, Feifei [1 ]
Dong, Fan [1 ]
机构
[1] Beijing Normal Univ, Sch Management, Dept Land Resources Management, Beijing 100875, Peoples R China
关键词
housing price; expectation; noise trading; herding effect; positive feedback mechanism;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The Expectation exerts an important impact on housing price. In recent years, with the generally rapid rise of national housing price,the Empirical Study on the correlation between housing price and expectation is very important. Expectation factors of real estate market is views of market participants on the future changes in economic conditions,the factors is very important for consumers,developers and government departments. Noise trading,Herding effect,Positive feedback mechanism of trading price are the mechanism of action of the price and expectation factors,and real estate' s own property, excessive money supply, as well as incomplete information asymmetry promote expectation factors' formation of the real estate market in China.
引用
收藏
页码:768 / 771
页数:4
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