Core Viewpoint - The real estate market in 2025 is experiencing uncertainty, with key figures like Jack Ma and Wang Shi providing insights that suggest a potential turning point in July, indicating a cautious optimism for market recovery [1][3][6] Group 1: Market Adjustment and Recovery - Both Ma and Wang agree that the market has undergone a significant adjustment period, with Ma stating that the adjustment is nearing its end and Wang noting that the market is in a phase of adjustment [3][5] - They emphasize that the potential for further significant declines in the market is limited, with a focus on stability being the prevailing theme [3][5] Group 2: Policy Impact - Both figures express optimism regarding the future effects of policy changes, with Ma predicting a more relaxed policy environment in the second half of the year and Wang highlighting the importance of policy effects becoming evident after July [5][6] - Recent government measures aimed at ensuring housing delivery, optimizing purchase restrictions, and lowering down payments and interest rates are seen as critical support for their market outlook [5] Group 3: Housing as a Necessity - Ma stresses the need for real estate to return to its fundamental role as housing, while Wang warns that any market recovery should not revert to previous high-growth patterns, aligning with the national stance of "housing is for living, not for speculation" [5][6] - This shift indicates that the previous investment-driven logic based on soaring property prices is no longer viable, with future market dynamics expected to be driven by residential demand [5][6] Group 4: Buyer Guidance - For potential homebuyers, those with genuine housing needs and financial capability may find it a suitable time to enter the market, while investors should remain cautious and avoid unrealistic expectations of price surges [5][6]