The Economic Interpretation Of The Real Estate Cycle Fluctuations And Empirical Analysis

Real estate is one of the most fundamental means of subsistence. What's more, it's an important norm to measure one country's economic standards and people's living standards. We can define real estate market as in some certain places the sum of all deals that the buyer and the seller has clicked during a certain time. By merging capital, technology and labor it becomes the important part of socialism market system, it plays substantial roles in product and factor markets.At present, not many research upon Chinese real estate cycle can be found and among them, most are qualitative, and stress in the inside of the industry, while quantitative research about mutual effects between real estate cycle and macroeconomic cycle remains blank. As a part of macro economy, real estate sector has strong mutual effects with the macro economy. Tt can be a leading industry, develops in advance of the macro economy, while also needs to comply with the whole economic structure, can not deviate or exceed the development level of other industries for long.Realized the problem, this paper introduces the concept of real estate cycle, Realized the problem, this paper introduces the concept of real estate cycle, summarizes macroeconomics and microeconomics explanation of the real estate cycle with the impact-conduction mechanism and behavioral economic, and expounded real estate market foam's measure standard by quantitative and qualitative analysis. This paper revealed China real estate fluctuation rules and trends with single index and composite index.