Factors Influencing Real Estate Prices: An Empirical Analysis Based on STATA Using Panel Data from China, Japan, and the U.S.
DOI:
https://doi.org/10.61173/wej5vk49Keywords:
Real Estate Price, Real Estate, Stata Analy-sis, Cross-Country ComparisonAbstract
The real estate acts as an essential and indispensable part of the national economy, strongly associated with the economic development. Since the real estate market and the economic development interact and influence each other, the study on the dynamics of real estate prices is very significant for monitor of the economy and formulation of policy making. The aim of this paper is to investigate the key determinants influencing real estate prices in three major economies: China, Japan, and the United States. By identifying and analyzing periods of significant price fluctuations, the study employs Stata software to examine the relationship between selected explanatory variables and housing price trends. The study shows that residential land price, population density and real gross domestic product per capita has the greatest influence on real estate price.
References
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