国金证券：二手房成交趋于稳定

Group 1 - The core cities' new and second-hand residential sales area is expected to stabilize by 2025, with the improvement in second-hand transactions primarily driven by the "seesaw" effect with new housing demand [1] - Looking ahead, with the arrival of the "golden three silver four" period, both new and second-hand housing transactions may reverse again, as the entry of quality supply will boost new housing sales volume while second-hand transactions are expected to stabilize [1]