Research on Factors Affecting House Price Inflation

Abstract

This research paper explores the various factors influencing house price fluctuations, focusing on the real estate markets in United States. The accelerated urbanization process in United States led to a population surge that significantly increased housing demand, driving rapid rises in house prices. Concurrently, the impact of income inequality on house price fluctuations is also examined, with studies indicating that income changes directly affect housing price volatility. Additionally, fluctuations in land prices and supply are crucial factors influencing house prices. In the United States, residential real estate constitutes the largest proportion of economic assets, and house price fluctuations are closely linked to the overall economy, particularly in the context of the financial crisis, where house price volatility influenced borrowing and consumption behaviors. This paper will utilize a housing price data analysis model for the city of Boston to investigate how various factors. In general, the volatility of Boston home prices can be judged by these factors to determine the degree of impact on home prices.