楼市传出了最新的消息，下半年的楼市到底走势如何？

Core Viewpoint - The real estate market is experiencing significant distress, with a rise in auctioned properties and a decline in buyer confidence, leading to widespread anxiety among homeowners and potential buyers [1][7]. Group 1: Market Conditions - The number of auctioned properties in China surged to 576,600 in the first half of 2025, marking an 18.8% year-on-year increase, with 99,000 residential properties auctioned in just the first quarter [2]. - Many homeowners are voluntarily defaulting on their mortgages, feeling that continuing payments is futile [2]. - The market liquidity is extremely poor, with even reduced prices failing to attract buyers, particularly for non-core properties [6]. Group 2: Homeowner Experiences - Homeowners are facing severe financial strain, with one individual reporting a 40% drop in property value and monthly mortgage payments significantly exceeding rental income [4]. - Quality issues in newly delivered homes have become commonplace, with many buyers receiving substandard properties compared to what was promised [5]. - Homeowners are increasingly burdened by high mortgage rates, with many unable to benefit from lower rates due to high fees associated with refinancing [5]. Group 3: Buyer Sentiment - Potential buyers are caught in a dilemma, fearing further price declines and the risk of purchasing properties that may become unfinished projects [6][7]. - The confidence in the real estate market has eroded, with many individuals now doubting the previous belief that property values would always recover [7]. - The ongoing market downturn is expected to persist, prompting caution among those considering purchasing property [7].