财政部新闻发布会房地产相关表述点评：财政政策迎来利好，地产止跌回稳可期

Investment Rating - The report does not provide a specific investment rating for the real estate development and operation industry, nor for real estate services [1]. Core Insights - The report maintains a neutral outlook on the real estate sector, indicating that fiscal policies are expected to stabilize the market and halt the decline [2][9]. - The Ministry of Finance announced a series of targeted policies to support the real estate market, including the use of special bonds for land reserves and the acquisition of existing homes for affordable housing [4][5][6]. - The report highlights the importance of optimizing tax policies to reduce housing costs, which is anticipated to boost market demand [8]. Summary by Sections Fiscal Policy Measures - The Ministry of Finance plans to introduce a package of policies aimed at stabilizing growth, expanding domestic demand, and mitigating risks in the real estate sector [4]. - Special bonds will be allowed for land reserves, which is expected to enhance local governments' ability to manage land supply and alleviate liquidity pressures on real estate companies [5]. Acquisition of Existing Homes - The report emphasizes the first-time proposal to use special bonds for acquiring existing homes, which will increase the funding sources for affordable housing [6][7]. - The central government is focused on promoting the acquisition of existing homes to address the surplus inventory and improve the supply of affordable housing [7]. Tax Policy Optimization - The report mentions the need to optimize tax policies, including potential adjustments to personal income tax and value-added tax, to lower the cost of home purchases for residents [8]. - The ongoing research into tax policy adjustments is expected to further support the recovery of market demand [8]. Market Outlook - The report concludes that the real estate market is likely to stabilize, with further policy measures anticipated to support this trend [9].