朋友们，今天聊一个跟你钱包直接挂钩的事——住房公积金。 2025年底召开的中央经济工作会议，提出"深化住房公积金制度改革"。你可能觉得，不就一句话吗？但我专门查了过去十年的会议通稿，公积金被单独点 名，这还是头一次。 随后召开的全国住房城乡建设工作会议，公积金被提了整整7次。 什么信号？公积金接下来很可能要迎来改革大动作了。 公积金是个好制度，不过这些年，有些人觉得它"食之无味、弃之可惜"。还有朋友压根没交过公积金，又是怎么回事？ 别急，今天把这些问题一次性讲透。 先说最实在的：你的公积金能干嘛？ 想到20多年前，商贷利率动不动6%、7%，公积金才3%点几，公积金在那时，确实是真香。 但后来问题慢慢就暴露了。 第一个就是，利率较低。现在公积金账户存款年利率才1.5%，如果用不上，这笔钱的收益，大概率跑不赢通胀。 第二个就是，额度不够用。一线城市一套房动不动五六百万，公积金最高贷120万左右，缺口还是得靠商贷补。更尴尬的是，现在商贷利率也降了不少， 跟公积金的利差只剩零点几个百分点，很多人觉得费半天劲也省不了多少钱。 公积金这笔钱，说白了主要就两大用途：提取和贷款。 先说提取。以前公积金想取出来，大体上得符合买 ...

朋友们，今天聊一个跟你钱包直接挂钩的事——住房公积金。 2025年底召开的中央经济工作会议，提出"深化住房公积金制度改革"。你可能觉得，不就一句话吗？但 我专门查了过去十年的会议通稿，公积金被单独点名，这还是头一次。 随后召开的全国住房城乡建设工作会议，公积金被提了整整7次。 什么信号？公积金接下来很可能要迎来改革大动作了。 公积金是个好制度，不过这些年，有些人觉得它"食之无味、弃之可惜"。还有朋友压根没交过公积金， 又是怎么回事？ 别急，今天把这些问题一次性讲透。 先说最实在的：你的公积金能干嘛？ 公积金这笔钱，说白了主要就两大用途：提取和贷款。 先说提取。以前公积金想取出来，大体上得符合买房、租房、退休等特定条件。但最近各地政策明显松 了：深圳可以用公积金交首付，石家庄、苏州能拿公积金交物业费，天津、广州提取公积金能给老房子 加装电梯。 你发现没有？虽然绝大多数还和住房相关，但公积金提取范围正在拓宽。 再说贷款。现在首套房5年以上公积金贷款利率是2.6%，尽管商贷利率也降了，但公积金的利率，依然 比商贷低。而且最近各地还在降低公积金贷款门槛：首付比例降了，贷款额度提了，审批流程也简化 了。 那好好的制度， ...

Core Viewpoint - The recent adjustments in housing loan interest rates, particularly the reduction in both housing provident fund and commercial loan rates, are expected to alleviate the financial burden on homebuyers and stimulate demand in the real estate market [5][7][11]. Group 1: Housing Loan Rate Adjustments - Starting January 1, 2026, the interest rate for existing housing provident fund loans will be reduced by 25 basis points, benefiting homebuyers by lowering their interest expenses [4][5]. - The new rates for housing provident fund loans include a reduction from 2.35% to 2.1% for first-time homebuyers with loans under 5 years, and from 2.85% to 2.6% for loans over 5 years [5][6]. - For second homes, the rates will decrease from 2.775% to 2.525% for loans under 5 years, and from 3.325% to 3.075% for loans over 5 years [5][6]. Group 2: Financial Impact on Homebuyers - A calculation example shows that for a first-time homebuyer with a 500,000 yuan loan over 20 years, the monthly payment will decrease from 2,735.59 yuan to 2,673.94 yuan, saving 61.65 yuan per month [6]. - For a second home, the monthly payment will drop from 2,855.04 yuan to 2,791.80 yuan, resulting in a monthly saving of 63.24 yuan [6]. Group 3: Market Implications - The reduction in loan rates is anticipated to enhance the willingness of new buyers to enter the market, potentially balancing supply and demand in the real estate sector [7][11]. - The adjustments are seen as a way to maintain the attractiveness of housing provident fund loans, especially as commercial loan rates approach similar levels [9][11]. Group 4: Policy and Future Outlook - The Ministry of Housing and Urban-Rural Development has emphasized the need for stable real estate market policies, including optimizing the housing provident fund system to support homebuyers [11][12]. - There is a growing focus on expanding the coverage and usability of the housing provident fund, including support for flexible employment individuals and enhancing the convenience of fund access [12].

Core Viewpoint - The People's Bank of China has announced a reduction in the housing provident fund loan interest rates, effective January 1, 2026, which is expected to save residents over 20 billion yuan annually in interest payments, supporting housing demand and stabilizing the real estate market [1][2]. Group 1: Interest Rate Adjustments - From January 1, 2026, the interest rate for existing housing provident fund loans will be reduced by 25 basis points [1]. - The new interest rates for first-time homebuyers will be 2.1% for loans of 5 years or less and 2.6% for loans over 5 years [1]. - For second-time homebuyers, the rates will be no less than 2.525% for loans of 5 years or less and 3.075% for loans over 5 years [1]. Group 2: Financial Impact on Borrowers - A typical family borrowing 1.2 million yuan for 30 years will save approximately 57,100.85 yuan in interest for a first home and 59,070.01 yuan for a second home due to the rate adjustment [1]. - A family with multiple children borrowing 1.56 million yuan will save about 74,229.62 yuan for a first home and 76,789.24 yuan for a second home [1]. Group 3: Automatic Adjustments and Policy Changes - Borrowers with existing loans will have their rates automatically adjusted to the new rates without needing to take any action [6]. - Various cities have issued notifications confirming that eligible borrowers will see automatic adjustments to their provident fund loan rates starting January 1, 2026 [2][6]. Group 4: Market Context and Future Outlook - The reduction in rates is seen as a response to decreased enthusiasm for home purchases, which has led to an increase in the provident fund pool, allowing for lower rates and improved efficiency [6][7]. - The gap between commercial loan rates and provident fund loan rates has narrowed, with the current difference being 40 basis points, which may enhance the utilization of provident fund loans [7]. - The central economic work conference has emphasized the need to deepen reforms in the housing provident fund system, indicating potential for further policy adjustments to support homebuyers [7].

中经记者 慈玉鹏 北京报道 《中国经营报》记者注意到，近日多地住房公积金管理中心发布公告，提醒符合条件的存量住房公积金 贷款利率，将于2026年1月1日起下调，进而降低月供。 记者采访了解到，未来公积金利率仍有下调的可能性。2025年，公积金政策已多次优化，例如降低公积 金首付比例、扩大公积金使用范围等。2026年，公积金制度将进一步深化改革，政策上或将有一些新动 作。 利率调降 记者不完全统计，2025年12月26日以来，郑州、嘉兴、延安、杭州等多地公积金管理中心发布相关通 知，明确符合条件的贷款人公积金贷款利率将自动调整。 延安市公积金中心公告表示，2026年1月1日起，2025年5月8日前已发放的个人住房公积金贷款，将统一 执行下调后的低利率标准，无须线下办手续，月供自动调整。 郑州住房公积金管理中心近日公开提示，符合条件的贷款职工无须主动申请，2026年1月1日起将自动按 照新利率标准计息，后续可通过"郑好办"APP或贷款银行查询具体还款明细。 从降幅看，根据2025年5月7日发布的《中国人民银行关于下调个人住房公积金贷款利率的通知》，自 2025年5月8日起，下调个人住房公积金贷款利率0.25个百分 ...

针对此次房贷利率的问题，新浪金融研究院咨询了北京地区包括工商银行、农业银行、中国 银行、建设银行等在内的多家银行个贷中心，工作人员普遍表示已关注到该政策，目前具体 细则暂未落地，亦有某大行透露"下周可能会有消息"。 北京房地产市场再迎重磅新政！ 12月24日，北京市住房城乡建设委等四部门联合印发《关于进一步优化调整本市房地产相关 政策的通知》（以下简称"《通知》"），发布当日起实施。其中，在利率定价机制安排方面 不再区分首套住房和二套住房，同时降低使用公积金贷款购买二套房的最低首付比例，从不 低于30%降至不低于25%。此外，在放宽非京籍家庭购房条件、支持多子女家庭住房需求 上，也进一步为购房者减轻负担。 北京商贷利率不再区分首二套，多家大行称具体细则暂未落地 12月24日，北京市住房城乡建设委、北京市发展改革委、人民银行北京市分行、北京住房公 积金管理中心四部门联合印发《通知》。 《通知》明确，借款申请人使用公积金贷款购买二套住房的，最低首付款比例不低于25%。 而在今年8月的北京楼市政策中，公积金二套房贷最低首付比例为30%。 | | 新政前 | 新政后 | | --- | --- | --- | | 公 ...

Investment Rating - The report maintains a recommendation for the industry, indicating a positive outlook for the sector's fundamentals and expectations for the industry index to outperform the benchmark index [8]. Core Insights - The report highlights a significant decline in the year-on-year net signed area for second-hand homes, with a decrease of 30% compared to the previous year, which is an expansion of 15 percentage points from November [4]. - In contrast, the year-on-year decline in the net signed area for new homes has narrowed to 26%, improving by 9 percentage points from November [4]. - The central economic work conference has shifted its focus from "greater efforts to stabilize the real estate market" to "focusing on stabilizing the real estate market," suggesting potential support for urban renewal and housing fund reforms [6]. - The report emphasizes the importance of the difference between net rental yields and mortgage rates as a key observation for total demand in both new and second-hand housing markets [6]. Summary by Sections New Home Market - The year-on-year decline in new home net signed area has narrowed, with the average area signed in sample cities showing improvement compared to the past four years [10][11]. - The report indicates that the new home market is experiencing a more favorable supply-demand environment compared to the second-hand market [6]. Second-Hand Home Market - The year-on-year decline in second-hand home net signed area has expanded, with the average area signed in sample cities remaining at a relatively high level compared to the last five years [15][18]. - The report notes that the average viewing numbers for second-hand homes in 12 sample cities have decreased year-on-year, indicating a potential slowdown in market activity [43]. Land Acquisition - The cumulative land transaction area from January to November has seen a year-on-year decline of 14%, with the average transaction price showing a narrower increase of 7% [22]. - The report highlights a significant increase in the number of unsold land parcels, indicating a potential oversupply in the market [33]. Market Liquidity - The report assesses liquidity indicators, noting a tightening in macro-level liquidity in December, which may impact market conditions [47]. - The proportion of listings with price increases has decreased slightly, indicating a cautious market sentiment [48]. Inventory and Unsold Properties - The report indicates an increase in the unsold inventory of new homes, with the de-stocking cycle lengthening compared to October [33]. - The report also highlights that the de-stocking cycles for first and second-tier cities have increased, suggesting a potential slowdown in sales [33].

石家庄住房公积金管理中心发布通知，自12月15日起，缴存职工每年可提取一次公积金用于支付自住住房物业费，每人每年提取金额不超过2000元，当年未 提取的金额，可结转累计提取。 江苏徐州 徐州市住房公积金管理中心发布政策，12月1日起可提取公积金支付物业费。其中明确—— 江苏苏州 中央经济工作会议12月10日至11日在北京举行，会议提出要深化住房公积金制度改革，有序推动"好房子"建设。 今年以来，各地密集出台政策，优化住房公积金使用条件，加大对居民租房、购房的支持力度。除此之外，多地还开展了多项探索，进一步拓宽公积金使用 范围。如今，公积金不仅可用于买房、租房，还能用于抵扣物业费、大病医疗支出、加装电梯等更多民生领域。 公积金可用来支付物业费 河北石家庄 1. 在徐州市持有住宅，1年内可以提取一次住房公积金支付物业费。 2. 提取金额不超过提取日之前1年内已支付的物业费总额且不超过8000元。 3. 个人可提取1套住房物业费，夫妻双方可提取不超过2套住房物业费。 10月31日，苏州市住房公积金管理中心发布通知：缴存人本人及配偶支付本市行政区域内自住住房物业管理费，可选择家庭任意一套住房申请提取住房公积 金，申请 ...

中央经济工作会议12月10日至11日在北京举行，会议提出要深化住房公积金制度改革，有序推动"好房 子"建设。 今年以来，各地密集出台政策，优化住房公积金使用条件，加大对居民租房、购房的支持力度。除此之 外，多地还开展了多项探索，进一步拓宽公积金使用范围。如今，公积金不仅可用于买房、租房，还能 用于抵扣物业费、大病医疗支出、加装电梯等更多民生领域。 公积金可用来支付物业费 河北石家庄 石家庄住房公积金管理中心发布通知，自12月15日起，缴存职工每年可提取一次公积金用于支付自住住 房物业费，每人每年提取金额不超过2000元，当年未提取的金额，可结转累计提取。 江苏徐州 徐州市住房公积金管理中心发布政策，12月1日起可提取公积金支付物业费。其中明确—— 在徐州市持有住宅，1年内可以提取一次住房公积金支付物业费。 提取金额不超过提取日之前1年内已支付的物业费总额且不超过8000元。 个人可提取1套住房物业费，夫妻双方可提取不超过2套住房物业费。 江苏苏州 公积金可用于既有住宅加装电梯 天津 天津市10月11日发布通告，明确提出—— 天津市行政区域内既有住宅加装电梯的，房屋产权人（公有住房承租人）及其配偶、子女及其配偶 ...

Core Viewpoint - The 2026 real estate market direction is a major focus, with emphasis on stabilizing the market through various strategies [1] Group 1: Policy Measures - The Ministry of Housing and Urban-Rural Development aims to implement city-specific policies to control supply, reduce inventory, and optimize supply [1] - There will be a focus on revitalizing existing land through urban renewal and village reconstruction, as well as acquiring existing commercial housing for use as affordable housing, resettlement housing, dormitories, and talent housing [1] - The government will enhance the supply of affordable housing and implement quality improvement projects for housing [1] Group 2: Financing and Market Support - The "white list" system for real estate projects will be further utilized to support reasonable financing needs of real estate companies [1] - Local governments are encouraged to fully utilize their regulatory autonomy to adjust and optimize real estate policies, supporting both rigid and improved housing demands [1] - A new model for real estate development will be established, including a project company system for real estate development and a main bank system for financing [1] Group 3: Sales and Risk Management - The promotion of a "see it, buy it" system for the sale of commercial housing aims to fundamentally prevent delivery risks [1] - For those continuing with pre-sales, there will be standardized supervision of pre-sale funds to protect the legal rights of homebuyers [1]