Seek .(US:SKLTY) Sou Hu Cai Jing·2025-07-05 16:02Core Viewpoint - Domestic housing prices are expected to continue their downward trend into 2025, with significant declines observed in both year-on-year and month-on-month metrics [1][3]. Group 1: Housing Price Trends - As of June, the average price of second-hand residential properties in 100 cities was 13,691 yuan per square meter, reflecting a month-on-month decrease of 0.75% and a year-on-year decrease of 7.26% [1]. - Predictions indicate that housing prices in all major cities are entering a downward channel, with any market rescue policies only affecting short-term price fluctuations rather than altering the overarching trend [3][9]. Group 2: Market Dynamics and Future Projections - The current housing price-to-income ratio in first-tier cities is 40, while in second and third-tier cities it ranges from 20 to 25, indicating a significant disconnect from local residents' income levels [5]. - The belief that first-tier city housing prices will continue to rise is challenged by slow income growth and a negative population growth trend in major cities, which diminishes their attractiveness [7]. - DeepSeek's forecast suggests that in five years, the value of a 3 million yuan property will likely decrease across all major cities due to existing market bubbles and the need for prices to align with local income levels [9].