房价，跌得有点惨！

Core Viewpoint - The real estate market in various cities, including Shenzhen and Hangzhou, is experiencing significant price declines, with a lack of recovery despite government measures aimed at stimulating the market [2][3][4] Group 1: Market Conditions - Many cities, including strong second-tier and third-tier cities, report continuous declines in housing prices, with some residents expressing concerns about the lack of a bottom [2] - Shenzhen's recent policy adjustments to support home buying have led to increased transaction volumes, but prices remain stagnant, indicating a trend of "price for volume" [2] - Data from the National Bureau of Statistics shows a sharp decrease in the number of cities with rising new home prices, dropping from nearly 50% in April to single digits by August [2] Group 2: Market Sentiment - The confidence in the real estate market has weakened significantly, shifting from a supply-demand imbalance to an oversupply situation, leading to skepticism about future price increases [3] - Continuous price declines over recent years have eroded market confidence, resulting in a cycle of temporary price spikes followed by further declines [3] - Despite recent support measures from major cities like Beijing, Shanghai, and Shenzhen, the impact on market sentiment has been less effective compared to previous interventions [3] Group 3: Historical Context - Historical trends in global real estate markets indicate that price corrections are normal; however, the prolonged downturn in China's major cities raises concerns about the stability of housing prices [4] - Even in major cities, prices have not stabilized after years of decline, which is a worrying sign for the market [4]