A Study On The Regionali Diffience Of Housing Payment Capacity

The real estate industry is related to the national economy and people’s life,is an important material guarantee on the road of people’s production and life,is the only way for people to improve their living standards,and is the main measure to improve the urban environment and enhance the self-competitiveness of the city.The real estate industry belongs to the national basic investment,is related to the national economy and people’s life of the important industry,in which housing occupies a considerable proportion of the value,can be seen as a necessity of people’s life.The real estate industry involves the material conditions and guarantees that any department of society must have.As the leading industry of economic development in our country,the real estate industry has strong regionality and timeliness,which is embodied in the early stage of economic development.Under the condition that both regionality and timeliness are satisfied,the real estate industry is suitable for positioning the real estate industry as the pillar industry of regional economic development.The development of real estate market in China is relatively backward and the development time is too short.However,with the continuous progress of real estate market policy reform since 1998,China’s real estate industry has rapidly entered the stage of rapid development from the embryonic stage.In the process of the development of the real estate industry,it has gradually become one of the important basic industries of the national economic development of our country,and the level of economic development in different regions.Due to the introduction of various macro-control policies,the proportion of government expenditure in each region,the population density flow in each region,the consumption habits of residents and other factors,the heterogeneity is quite obvious.It is precisely because of many factors that there is an irrevocable difference in the housing payment capacity of Chinese residents,and it is also an important reason for the regional differences in the housing affordability of Chinese residents.Under this background,based on the present situation of the development of the real estate market,taking the real estate markn.Price of our country as the explained variable,on the basis of summing up the existing experience,this paper analyzes the regional differences of the price evcolution of the real estate market in our country.At the anme times,combined with the present sitution of the real estate market in China,the factors that affect the regional price difference of the real estate market in China are determined by econometric method.On this basis,this basis,this paper takes 35 large and medium-sizedcities in China as the research object,collates and collects the relevant panel data from 2006 to 2017,carries on the cluster analysis with SPSS 25 by using Markov distance method,divides35 large and medium-sized cities into three categories,and uses Eviews 9 metering software.Six kinds of cconomtric rcegression analysis models of panel data for influencing factors of housing payment clapacity in different areas were established,and the completely modifiedleast square method(FM-OLS)was used.Carried on the independent analysis to the real estate market price and the resident disposable income.The change of housing affordability and its time series of urban residents in Chna is calculated and confirmed.Through empirical analysis,first,the model regression results of 35 large and medium-sized cities are compared and analyzed,and the economic indicators with the least influence degree are eliminated.Secondly,the influencing factors of three kinds of regions are selected to analyze the real estate market price one by one,and the reasons for the regional differences of the influencing factors of residents’ housing payment capacity are analyzed,and the influence degree of the influencing indexes affecting the housing payment capacity of residents in different regions is identified.Finally,the empirical results show that the main influencing factors of housing payment capacity are heterogeneity in different regions,and the influence of the same factor on housing payment capacity in different regions is inconsistent in most cases.Among these farctorsy residential land price,housing investment and so on have the most significant impact on housing payment capacity,and they have a positive impact.At the same time,when studyingthe relationship between real estate market price and residents’ income separately,it is foundthat real estate market price is the reason that affects residents’ income,but it is not the opnlyinfluencing factor,this conclusion is also in line with the previous empirical research result.This paper mainly studies This paper studies the regional differences of residents ’housingpayment capacity,and analyzes the main factors that affect the housing payment capacity ofdifterent regions,so as to provide relevant suggestions for each region to restrain the rapid riseof housing prices,improve the housing payment capacity of residents,improve the living standards of residents,and promote the steady development of the housing market.