Research on the Factors Contributing to Change in Housing Price in California

Ziyu Li

2025

Abstract

Housing price is always the popular topic in the current market. To predict the alternation in housing price, it is necessary to initially forecast the trend of those influencing factors. This article aims to investigate the potential factors that influence alternation in housing prices. 20,640 samples from a dataset of California’s housing group by 1990 will be conducted in this essay to complete further analysis. Then, this research will measure correlation coefficients and employ linear regression model based on the eight variables shown from the dataset. By searching for coefficient, unstandardized beta and variance inflation factor (VIF) value, this research can conclude the most significant causes to affect housing prices. Finally, the research indicates that income level is the main feature, other causes including housing ages, location as well as population can also affect prices in some aspects. The data and purpose outcomes can provide households and housing agencies direction regarding the trend of housing market.

Paper Citation

in Harvard Style

Li Z. (2025). Research on the Factors Contributing to Change in Housing Price in California. In Proceedings of the 2nd International Conference on Engineering Management, Information Technology and Intelligence - Volume 1: EMITI; ISBN 978-989-758-792-4, SciTePress, pages 468-473. DOI: 10.5220/0014361300004718

in Bibtex Style

@conference{emiti25,
author={Ziyu Li},
title={Research on the Factors Contributing to Change in Housing Price in California},
booktitle={Proceedings of the 2nd International Conference on Engineering Management, Information Technology and Intelligence - Volume 1: EMITI},
year={2025},
pages={468-473},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0014361300004718},
isbn={978-989-758-792-4},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference on Engineering Management, Information Technology and Intelligence - Volume 1: EMITI
TI - Research on the Factors Contributing to Change in Housing Price in California
SN - 978-989-758-792-4
AU - Li Z.
PY - 2025
SP - 468
EP - 473
DO - 10.5220/0014361300004718
PB - SciTePress