Research on the Interactive Relationship between Housing Price Fluctuations and Macro Policy Regulation

Abstract

This article systematically explores the interactive relationship between housing price fluctuations and macroeconomic policy regulation in the context of China's real estate market. The current market is in a stage of deep adjustment, showing characteristics such as overall decline but local marginal improvement, significant structural differentiation, and sustained weakening of expectations. In the face of this situation, China has formed a multidimensional policy regulation system that covers demand side management, supply side optimization, and financial and tax coordination. Research has shown that policy regulation affects housing prices through short-term expectations guidance and liquidity effects, long-term structural adjustments and development model transformations. However, there are still challenges in the interaction between the two, such as policy lag, diminishing effectiveness, insufficient coordination, and multiple goals. This article suggests that in the future, a dynamic, precise, forward-looking and coordinated policy framework should be established, and basic institutional reforms should be deepened to promote the long-term stable and healthy development of the real estate market.