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...The conference on web based business management macroeconomic factors and housing market cycle an empirical analysis using national city level data in china lei feng wei lu weiyan hu kun liu department of land real estate school public administration renmin university beijing p r c email fenglei mparuc edu cn luwei sina com blue lk abstract this paper analyzes relationship between through theoretical regional differences are investigated both from four typical cities it is found that house prices determined by current lagged variables such as gdp significant re gional also identified long run there a stable equilibrium elasticity income investment to greater than one short error correction mechanism can correct deviation slow gradual process among shanghai have fluctuations their guangzhou chongqing keywords impact transmission model introduction pirical section concludes having industrial chain taking up large portion total investments industry has become influence pillar domestic eco...