Review on Second Hand House Price Forecast

As a country with a large population, China has a huge real estate market and consumption potential. Nowadays, due to various factors, the second hand real estate industry began to occupy a large part of the real estate market. Although people buy houses for different reasons, but the price of second hand housing is the common concern of consumers and developers. Forecasting the price of second hand housing can not only provide a scientific basis for real estate developers to develop real estate and ordinary residents to buy houses, but also provide a reference for the government to formulate macro control policies. Therefore, this paper combs the prediction model of second hand house price and the purpose of purchasing house, hoping to do some research in this area. Puxiu Yue | Ruizhen Bai | Yi Wang "Review on Second-Hand House Price Forecast" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd35852.pdf Paper URL : https://www.ijtsrd.com/economics/market-economy/35852/review-on-secondhand-house-price-forecast/puxiu-yue