Abstract
As the pillar industry in national economy, sound and stable development of real estate economy plays a significant role in a country’s national economy. In this article, the definitions of real estate early-warning system made by domestic and foreign scholars, early-warning methods as well as the construction of early-warning index system are reviewed in details.
Highlights
Ever since 1990s in China, housing commercialization inspired by housing reform and accelerated urbanization process have greatly promoted the real estate industry to grow into the pillar industry of national economy
“Real estate early-warning system is to reveal the internal relationship between specific indexes and the general situation and specific characteristics of the real estate industry by selecting and establishing index systems, to enable supervision departments to form correct judgment on general economic development through their continual monitoring of some indexes and to form reasonable prediction and evaluation on its future development based on the guidance of scientific theories, analysis on the historical development of this industry as well as the basic rules of economic operation in other industries, taking coordinative measures as early as possible, promoting constant and desirable development of industry economy to the largest degree and avoiding unfavorable situations or incidents
Effective allocation of rare resources must be formed in order to coordinate the industry structure of national economy and ensure the sound development of real estate
Summary
Ever since 1990s in China, housing commercialization inspired by housing reform and accelerated urbanization process have greatly promoted the real estate industry to grow into the pillar industry of national economy. Some problems such as imbalanced supplies and demands, inharmonious development of real estate economy and national economy have arisen. In order to regulate real estate economy, the government has taken some measures, including encouraging real estate economy at the end of 2008, regulating and controlling real estate in 2009 and implementing more strict measures to regulate and control real estate after 2010. In order to scientifically predict the fluctuation trends at the real estate market, a scientific and perfect early-warning system should be established
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