Empirical and Theoretical Analysis on the Relationships between Supply and Demand of Real Estate Price

Real estate price determines the wealth of society and residents,and its fluctuation not only has impact on the safety of the financial system,but also affects macroeconomic stability and development.Real estate price is greatly affected by income,interest rates,and land prices,especially income and interest rates.Meanwhile,there is a large gap between real estate potential demand and effective demand.At present,the relevant departments should pay more attention to the scale of real estate effective demand,and appropriately adjust interest rates,land supply,so as to ensure the stable development of real estate market.