11月70城房价数据出炉：新房价格环比上涨城市增多，有何信号？

Core Viewpoint - The November data from the National Bureau of Statistics indicates a positive trend in new home prices across major cities, with an increase in the number of cities experiencing month-on-month price rises, suggesting a release of year-end housing demand and effective policy impacts [1][3][4] Group 1: New Home Prices - In November, 8 out of 70 major cities reported a month-on-month increase in new home prices, with Shanghai leading at a 5.1% year-on-year increase, followed by Hangzhou at 3% and Hefei at 1.3% [1][4] - The month-on-month decline in new home prices for first-tier cities was 0.4%, with Shanghai increasing by 0.1% while Beijing, Guangzhou, and Shenzhen saw declines of 0.5%, 0.5%, and 0.9% respectively [3][5] - Year-on-year, first-tier cities experienced a 1.2% decline in new home prices, with Shanghai's 5.1% increase contrasting with declines in Beijing, Guangzhou, and Shenzhen of 2.1%, 4.3%, and 3.7% respectively [3][4] Group 2: Second-Hand Home Prices - First-tier cities saw a continued month-on-month decline in second-hand home prices, with decreases of 1.3% in Beijing, 0.8% in Shanghai, 1.2% in Guangzhou, and 1.0% in Shenzhen [5][6] - Year-on-year, second-hand home prices in first-tier cities fell by 5.8%, with specific declines of 6.8% in Beijing, 4.6% in Shanghai, 7.2% in Guangzhou, and 4.8% in Shenzhen [5][6] - The increase in new home supply in first-tier cities, along with a rise in the proportion of transactions for second-hand homes priced at 3 million yuan or below, has impacted the demand for upgrading housing [5][6]