专访人大教授况伟大：房地产要扭转市场预期，政策尽量一步到位

Core Viewpoint - The real estate market in China is still undergoing adjustments, but positive factors are accumulating, and expanding effective demand is a crucial task for stabilizing the market [1][2]. Policy Measures - The government has introduced a variety of policies to stabilize the real estate market, but the overall market remains in a state of adjustment. The main issue is insufficient effective demand, necessitating a focus on changing market expectations and improving residents' payment capabilities [2][3]. - Current policies cover various aspects such as market, taxation, credit, and land, with significant efforts made. However, it is uncertain if these policies have reached their maximum effectiveness [3][4]. Local Government Role - Local governments need to take responsibility and actively adjust policies based on local market conditions, as the real estate market varies significantly across regions [4][5]. - The "Five Limits" policy has been largely relaxed, with most cities lifting restrictions except for a few first-tier cities like Beijing and Shanghai [4][5]. Housing Fund System - The housing provident fund system should be reformed to better support low- and middle-income households, providing them with low-cost housing financing [7][8]. - There is potential for lowering both the housing provident fund loan rates and deposit rates, which could reduce housing costs for participants [8][9]. Market Outlook - The real estate market is expected to continue adjusting and stabilizing in the coming years, with a key indicator being whether housing prices stop declining [10][11]. - The transition from the old development model characterized by high debt and turnover to a new model focused on sustainable and high-quality development will take time and may involve a painful adjustment period [11].