Research on Supply and Demand of Xi'an Real Estate Market

Abstract:

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In the passage, the indicators of supply and demand of real estate market in Xi'an are established, and such indicators are synthesized into a class of synthetic indicators using “principal component analysis”. After the spectral analysis of synthetic indicators, periodic change of supply and demand of real estate through spectral density could be determined. Through the analysis, great randomness existed in supply and demand of real estate in Xi’an. Furthermore, in the medium term, a 3.3 years’ secondary cycle still existed in synthetic indicators of demand, while randomness existed in synthetic indicators of supply. Such findings suggest a declined trend existed in real estate price in medium term of Xi’an.

Info:

Periodical:

Advanced Materials Research (Volumes 368-373)

Edited by:

Qing Yang, Li Hua Zhu, Jing Jing He, Zeng Feng Yan and Rui Ren

Pages:

3078-3082

DOI:

10.4028/www.scientific.net/AMR.368-373.3078

Citation:

Z. J. Meng et al., "Research on Supply and Demand of Xi'an Real Estate Market", Advanced Materials Research, Vols. 368-373, pp. 3078-3082, 2012

Online since:

October 2011

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Price:

$35.00

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