中文摘要：

运用供需理论来分析住宅价格波动机理,定性分析住宅价格波动影响因素并构建结构方程模型。通过实证分析和假设检验优化了该结构方程模型。利用二阶因子模型进一步研究和评价近年来国内住宅市场房价波动,得出了影响市场供需的主次因素。

英文摘要：

With supply and demand theory,mechanism of housing price fluctuation is qualitatively analyzed to determine what factors influence the fluctuation,and a structural equation model is built.The model is further optimized with both empirical analysis and hypothesis testing.A second-order factor model is also used to evaluate the price fluctuations in China housing market,for obtaining primary and secondary influential factors in supply and demand market.