经济日报｜全面客观看待房地产市场变化

Group 1 - The real estate market is transitioning towards a phase that balances both incremental and stock development, with ongoing policy effectiveness in stabilizing the market [1] - There is a noticeable differentiation in the real estate market, with active transactions in several major and medium-sized cities, showing a year-on-year increase in total transactions from January to November [1] - The decline in housing prices is narrowing, with new residential prices in 70 major cities decreasing by 3.6 percentage points and second-hand residential prices by 3.5 percentage points compared to the same period in 2024 [1] Group 2 - The decline in development investment should be viewed rationally, as the real estate market has entered a phase of basic supply-demand balance, with reduced supply of new residential properties [2] - The "white list" system for real estate financing continues to play a positive role, providing funding support for eligible projects and becoming a key part of the new development model [2] - Progress in debt resolution for real estate companies is being made, with a reduction in the number of new distressed companies and significant advancements in debt restructuring [2] Group 3 - The real estate industry is committed to high-quality, connotative development, with numerous new opportunities and values emerging during the transition towards a healthier market [3]