本文采用因素分析方法中较为先进的DAG技术,对我国房地产价格的影响因素进行研究。实证分析结果表明:长期来看,我国房地产价格主要受到货币供给量和人均可支配收入的影响,上证指数变化能部分解释房地产价格的波动,而土地价格等变量对房地产价格变动的解释能力相对较小。 This article uses the more advanced factor analysis DAG technology, the impact of China’s real estate prices were studied. The empirical analysis shows that in the long run, the real estate prices in our country are mainly affected by the money supply and per capita disposable income. The changes of the Shanghai Composite Index can partly explain the fluctuation of the real estate prices. The explanatory power of the land prices and other variables on the changes of real estate prices is relatively small.