Real Estate's Micro-control Based On Market's Equilibrium

With the rapid socio-economic development, the problem of equity is increasingly concerned by China government, and building a harmonious society has become a political objective of this macro-control. Real estate is an important economic industry, and its healthy and stable development is an important aspect of building a harmonious society. In recent years, the real estate markets of some cities in my country are in disequilibrium, which has initiated a series of problems. For example, house's price is too high, the growth of real estate's development is too rapid and house's supply-demand structure is irrational. How to take effective macro-control measures to realize the real estate market's equilibrium has become a common issue which the government and the academic paid much attention to.This study's purpose is to probe into the problem of real estate's macro-control in my country through the qualitative and quantitative analysis on real estate's market equilibrium. The paper includes: firstly, theoretical study on real estate's market equilibrium. Beginning with market equilibrium, I define such three states as equilibrium, disequilibrium and non-equilibrium, then focus on the distinction between disequilibrium and non-equilibrium; based on analysis of real estate's supply-demand category, I introduce real estate's supply-demand characteristics and construct real estate's supply-demand system; study the real estate's disequilibrium model, which provides a theoretical basis to measure the degree of the real estate's market disequilibrium. Secondly, discuss the real estate market's macro-control mechanism in my country. Starting at interrelationship between the real estate's features and government control, I draw the conclusion that government control on real estate market is necessary; analyze government's control track on the real estate market since 1990, and pay much more importance on teasing up this round of real estate's macro-control in order to understand China real estate market's macro-control process; take market equilibrium as a political goal, I put forward government's two-way macro-control mechanism. Thirdly, measure the degree of Shanghai real estate's market disequilibrium. Through Gray-Correlation analysis to make certainindependent variables of real estate's supply-demand equation, then adopt Burkett hyperbolic polymeric-equation to measure and analyze Shanghai real estate's market disequilibrium; in view of "shortage and surplus" phenomena in Shanghai real estate market in recent years, I analyze the reasons of the structure's non-equilibrium. Finally, put forward macro-control measures in order to realize Shanghai real estate market's stable development in the period of "11^th Five-Year Plan". On the basis of viewing Shanghai real estate's macroscopic environment of "11th Five-Year Plan", I confirm five principles and three main objectives of Shanghai real estate's macro-control; discuss macro-control measures of Shanghai real estate in the "11th Five-Year Plan" and put forward some proposals that the government should further improve housing security system, optimize land supply structure and develop real estate financial system, improve the standard of real estate service and so on.