Core Viewpoint - Ren Zeping has shifted his stance from advocating for rising housing prices to suggesting a "soft landing" for the real estate market, indicating a potential turning point for the housing market [1][3]. Group 1: Market Conditions - In 2024, the sales revenue of the top 100 real estate companies decreased by 32.9%, with only 9 companies surpassing 100 billion in sales, highlighting a severe downturn in the market [3]. - The inventory of unsold commercial housing has reached a historical high of 730 million square meters, indicating a significant oversupply in the market [3][5]. - The real estate sector remains a crucial pillar of the Chinese economy, supporting millions of jobs and over sixty related industries, making a hard landing undesirable [5]. Group 2: Expert Recommendations - Ren Zeping proposed three major recommendations: establishing a 5 trillion yuan housing bank to absorb unsold properties, continuing interest rate cuts, and fully lifting purchase restrictions [3]. - The long-term outlook on population growth, medium-term land supply adjustments, and short-term financial policies suggest limited potential for significant price increases in the housing market [5]. Group 3: Buyer Sentiment and Strategy - Current homebuyers, especially those with genuine needs, may still need to purchase, while investors should reconsider their strategies given the forecast of stagnant prices over the next decade [7]. - The shift in policy from restricting purchases to encouraging them reflects the immense pressure in the market, indicating a need for buyers to adapt their strategies to the changing landscape [7]. - The notion that housing prices may remain flat for an extended period suggests that the urgency to buy may diminish, as the difference between buying now or later may not be significant [7].