供需结构发生变化，二手房成新晋“顶流”！业内人士解析→

Core Insights - The trading structure of new and second-hand houses has changed, with second-hand houses increasingly replacing new houses as the market enters a stock era [1] - From January to October, the total transaction volume of new and second-hand houses nationwide decreased by 1.9% year-on-year, indicating stable overall market demand despite a high base from the previous year [3] - Various policies aimed at stabilizing the market are gradually showing positive effects, contributing to a stable total transaction volume compared to last year [5] Group 1 - The transaction area of second-hand houses increased by 4.7% year-on-year, with second-hand houses accounting for 45% of the total transaction volume [7] - In several cities, including Shanghai, Shenzhen, and Chongqing, the transaction area of second-hand houses has seen a year-on-year growth of over 10% [7] - There is a continuous release of housing demand, particularly for improvement needs, supported by policies such as increased housing provident fund loan limits and purchase subsidies [9]