全国百城新建住宅均价小幅上涨，二手房价走弱

Group 1 - The average price of new residential properties in 100 cities in July was 16,877 yuan per square meter, with a month-on-month increase of 0.18% and a year-on-year increase of 2.64% [1] - The average price of second-hand residential properties in the same cities was 13,585 yuan per square meter, showing a month-on-month decrease of 0.77% and a year-on-year decrease of 7.32% [1] - The overall real estate market in China is moving towards stabilization, with potential for slight fluctuations in housing prices as policies take effect [1] Group 2 - The narrowing gap between net rental yields and mortgage rates is a key observation point for the bottoming out of total demand for new and second-hand homes [2] - The new housing market is expected to improve earlier than the second-hand market due to expectations of reduced supply, improved quality of supply, and significant differentiation among homebuyers [2] - In July, the total bond financing in the real estate sector reached 71.39 billion yuan, a year-on-year increase of 90.3%, with credit bond financing accounting for 45.65 billion yuan, a significant year-on-year increase of 104.8% [2]