一线城市二手房价7月领跌，国务院再次表态采取有力措施巩固房地产止跌回稳

Core Viewpoint - The Chinese government is reaffirming its commitment to stabilize the real estate market, with recent meetings indicating a focus on policies to halt the decline in property prices and stimulate demand [1][3]. Group 1: Government Meetings and Policies - The State Council, led by Premier Li Qiang, has emphasized the need for strong measures to stabilize the real estate market, following a previous meeting on June 13 that called for greater efforts to stop the market's decline [1][3]. - The recent State Council meeting on August 18 is notable as it is the first time real estate policies have been explicitly mentioned in this year's meetings, responding to concerns that real estate was being sidelined in decision-making [3][4]. - Experts suggest that the government's focus on stabilizing the real estate market is crucial for boosting domestic consumption and overall economic stability, as real estate is a significant component of consumer spending [3][7]. Group 2: Market Conditions and Trends - Data indicates that the real estate market is still undergoing significant adjustments, with first-tier cities experiencing an increase in the decline of second-hand housing prices. In July, prices in these cities fell by an average of 1.0%, with Beijing seeing a drop of 1.1% [4][5]. - Nationally, from January to July, the sales area of new residential properties decreased by 4.0% year-on-year, with sales revenue down by 6.5%, indicating a worsening trend in the market [5][6]. - The number of second-hand homes listed for sale has surged, with a 11.58% year-on-year increase in listings across 100 cities, highlighting a growing supply amid declining demand [5][6]. Group 3: Future Outlook and Recommendations - Analysts believe that without significant policy interventions, the upcoming "Golden September and Silver October" period may not see substantial improvements in the market [7]. - Recommendations include addressing the fundamental issues affecting the market, such as employment stability and income expectations, alongside implementing supportive fiscal policies for new citizens and young families [7]. - The focus on urban renewal and the effective implementation of existing policies are expected to accelerate in the second half of the year, with potential for interest rate cuts to further support the market [7].