关于房价波动、转型探底这两个问题，国家统计局给出回应

Core Viewpoint - The real estate market in China is showing signs of stabilization due to various supportive policies implemented by local governments, although challenges remain during the transition from old to new market models [1][2]. Group 1: Real Estate Market Performance - The decline in new residential property sales has narrowed, with sales area and sales revenue down by 6.8% and 9.6% year-on-year respectively from January to October, showing improvement compared to the previous year [1]. - The inventory of unsold properties is decreasing, with the total unsold area at 75,606 million square meters by the end of October, a reduction of 3.22 million square meters from September, marking eight consecutive months of decline [1]. - The financial situation of real estate companies has improved, with the year-on-year decline in funds received by developers narrowing by 9.5 percentage points compared to the same period last year [2]. Group 2: Land Market and Sales Data - In October, the land transaction volume decreased significantly, with the area and value of land transactions down by 13% and 20% month-on-month, and by 25% and 33% year-on-year, respectively, marking the highest year-on-year decline this year [2][3]. - The top 100 real estate companies experienced a substantial sales decline of 41.9% in October, with total sales for the first ten months amounting to 28,967.1 billion yuan, a year-on-year decrease of 16.3% [3]. Group 3: Rental Market and Policy Recommendations - The national rental yield is at 2.37%, with expectations to stabilize between 2.4% and 2.8% by the second quarter of 2026, while first-tier cities show lower yields of 1.8% to 2.2% [3]. - Recommendations for policy adjustments include lowering mortgage rates and enhancing tax incentives for personal housing to stimulate the market [5].