房价下跌目标：一线2万、二线8000、三四线3000？官媒发声定调

Group 1 - The Chinese real estate market has shown significant adjustment trends since the beginning of this year, with 58 out of 70 major cities experiencing a month-on-month decline in new residential property prices and 62 cities seeing a drop in second-hand residential prices as of October [1] - In first-tier cities, new residential property prices fell by 0.1% month-on-month in October, while second-hand residential prices decreased by 0.3% [1] - From January to October, the national sales area of commercial housing decreased by 22.3% year-on-year, with residential sales area dropping by 25.5%, leading to a 26.1% decline in overall sales revenue and a 28.2% drop in residential sales revenue [1] Group 2 - The decline in the real estate market is attributed to two main factors: long-term and strict regulatory policies that have reduced speculative buying and the impact of recurring COVID-19 outbreaks and economic challenges leading to layoffs and salary cuts [1] - A concerning forecast suggests that housing prices in first-tier cities could drop to 20,000 yuan per square meter, second-tier cities to 8,000 yuan, and third and fourth-tier cities to 3,000 yuan, requiring a 60-80% decrease from current prices [3] - The necessity for a "re-evaluation of housing prices" has been emphasized, with experts suggesting that while first and second-tier cities may not see drastic declines, third and fourth-tier cities could experience significant drops [5]