通过分析影响购房者房屋需求的因素,解释了高房价困境产生的原因,认为当前高房价首先是由于经济中25～35周岁人口的第一个高峰的到来所引致的对房产的旺盛需求所致,但是房价的节节攀升是由于对未来高房价预期的结果。要抑制过高的房价,关键在于有效管理公众对未来房屋价格的预期,并给出了相关的政策建议。 By analyzing the factors influencing home buyers’ demand for housing, we explain the reasons for the high housing price dilemma. We think that the current high housing prices are firstly caused by the strong demand for real estate due to the arrival of the first peak of the population aged 25-35 in the economy , But the steady rise in home prices is due to the expected high housing prices in the future. To restrain excessive housing prices, the key is to effectively manage public expectations of housing prices in the future and provide relevant policy recommendations.