美国金融危机对中国房地产市场的影响,主要通过影响宏观经济增长进行传导。世界经济增长放缓,导致我国外部需求萎缩,企业效益下滑,投资意愿和能力下降,进而制约消费增长,经济增长下行压力越来越大。不仅美国,而且在亚欧其他主要发达国家,住宅价格的泡沫也正在破灭,出现了全球性房地产市场调整。主要国 The impact of the U.S. financial crisis on China’s real estate market is mainly mediated by the impact on macro-economic growth. The slowdown in world economic growth has led to a shrinking external demand in our country, a decline in the efficiency of enterprises, a decline in the willingness and ability to invest, which in turn constrains the growth of consumption and exerts downward pressure on economic growth. Not only the United States, but also in other major developed countries in Asia and Europe, the housing price bubble is also ebbing and a global real estate market adjustment has emerged. The main country