Price fluctuates around market value or production price; In the long run, market prices regulate the balance and imbalance of market supply and demand, and regulate the inflow or outflow of production factors.
Secondly, the short-term market supply and demand relationship determines the direction and degree of market price deviation from market value or production price. Generally speaking, the market is in short supply, and the market price is often higher than the market value or production price; The market supply exceeds demand, and the market price is often lower than the market value or production price.
Moreover, the contrast between market supply and demand determines the degree to which the market price deviates from the market value or production price. Finally, the long-term relationship between supply and demand directly affects the conditions for the formation of market value or production price, and then affects market value. Generally speaking, long-term oversupply rarely occurs, and short supply is the main form of long-term supply-demand relationship.
Extended data:
The promulgation of the new regulations on real estate interest rate has promoted the reasonable balance of the real estate market;
On August 25th, the People's Bank of China announced the interest rate of new commercial personal housing loans, saying that since June 8th this year 10, the interest rate of new commercial personal housing loans has been formed by adding the loan market quotation (LPR) of the last month as the pricing benchmark.
Among them, the interest rate of the first individual housing loan shall not be lower than the LPR in the same period, and the interest rate of the second individual housing loan shall not be lower than the LPR plus 60 basis points in the same period.
The highlight of the new regulation of real estate interest rate is to change the benchmark of individual housing loan interest rate from the original fixed market interest rate to the market quotation of the loan interest rate in the same period in the last month. Moreover, the housing interest rate can also be re-priced by both parties according to the LPR of the last month at that time.
The introduction of the new regulations indicates that China's real estate regulation and control will change from short-term and mandatory administrative transaction volume intervention to long-term interest rate intervention.
After all, it is not enough to fundamentally change the relationship between supply and demand in the housing market by adjusting housing transactions only through state compulsory means and restrictive means such as "restricting sales" and "limiting prices".
Forcing prices to deviate from the balance point between supply and demand by factors such as system will only cause market chaos such as "black market". The long-term control of personal loan interest rate can profoundly affect the real estate market from the demand side.
People's Daily-Promulgating new regulations on real estate interest rates to promote a reasonable balance in the real estate market
Baidu encyclopedia-mortgage interest rate
Baidu encyclopedia-loan interest rate