ECONOMETRIC MODELING OF FACTORS INFLUENCING REGIONAL HOUSING PRICES

This article is devoted to econometric modeling of factors influencing regional housing prices. In the national economy, the development of the residential real estate market is of significant relevance, since residential real estate objects play the role of the main investment asset for the real sector of the Russian economy. At the same time, the analysis of regional housing prices allows us to determine the current state of the residential real estate market, the determinants affecting it, and emerging trends. The results of such analysis become the basis for recommendations for developers and investors in the context of legal and economic reforms in the Russian Federation. At the same time, a comprehensive study of the domestic residential real estate market enables various stakeholders to make informed management decisions on the acquisition, construction of housing, or financial investments in it. Practical application of the panel regression model of pricing in the domestic residential real estate market contributes to a deeper understanding of the impact of existing determinants on housing prices, which increases the accuracy of further forecasts of the market in question.