房价涨还是跌？官方统计来了！

Core Viewpoint - The real estate market is showing signs of stabilization despite seasonal declines in transaction volume during July and August, with core cities expected to maintain resilience due to policy improvements and strong fundamentals [1][3]. Group 1: Price Trends - In July, new home sales prices in first-tier cities decreased by 0.2% month-on-month, while second-hand home prices fell by 1.0%, indicating a slight narrowing of the decline compared to the previous month [2]. - Year-on-year, first-tier cities saw a 1.1% decrease in new home prices, with Shanghai experiencing a 6.1% increase, while the remaining three cities declined [2]. - Among the 70 major cities, five reported year-on-year increases in new home prices, suggesting a shift towards affordable and public housing as a new growth driver [2]. Group 2: Sales and Investment - From January to July, the sales area of new homes decreased by 4.0% year-on-year, and sales revenue fell by 6.5% [1]. - Real estate investment from January to July dropped by 12.0% year-on-year, with the decline rate widening compared to the first half of the year [3]. - The funding sources for real estate companies showed improvement, with a 7.5% year-on-year decrease in funds received, but domestic loans increased by 0.1% [3]. Group 3: Policy and Market Outlook - Recent policy changes in Beijing aim to stimulate the housing market by lifting restrictions on home purchases for eligible families and expanding support for first-time homebuyers [3]. - The focus of real estate policies is on stabilizing the market, with an emphasis on urban renewal and the effective implementation of existing policies to activate demand and optimize supply [3].