高房价正在“毁掉”年轻人？国家首次回应来了，房价或将继续下跌？

Core Insights - The current real estate market in China is undergoing a deep adjustment phase, with significant declines in housing prices and sales volume, particularly affecting young professionals in major cities [1][3][5] Group 1: Market Trends - National residential sales area decreased by 8.7% year-on-year in the first half of 2025, while real estate development investment fell by 12.3% [1] - In major cities, new residential prices have shown a downward trend, with first-tier cities experiencing a 0.17% decline in new housing prices and a 0.29% decline in second-hand housing prices [1][3] - By the end of 2024, 53 out of 70 major cities reported a month-on-month decline in new housing prices, and 61 cities saw a drop in second-hand housing prices [1] Group 2: Affordability Issues - The housing price-to-income ratio in first-tier cities is alarmingly high at 20:1, far exceeding the internationally recognized reasonable range of 3:1 to 6:1 [3] - Young professionals in cities like Beijing and Shanghai face significant challenges in affording homes, with required down payments often exceeding their savings capabilities [3][5] Group 3: Changing Attitudes - Many young individuals are opting for a "lying flat" approach, prioritizing current quality of life over long-term financial commitments like mortgages [5] - The Ministry of Housing and Urban-Rural Development has emphasized a shift towards stabilizing housing prices and promoting healthy market development, indicating a move away from high-growth models [5][6] Group 4: Decision-Making Factors - Home-buying decisions are influenced by various factors, including personal financial stability, family needs, and local market conditions [8] - Recommendations for potential buyers include assessing economic strength, clarifying housing needs, and considering the rent-to-price ratio to make informed decisions [9][10]