Group 1 - The domestic real estate market has been on a downward trend, with average housing prices dropping by 30% from their historical peak, affecting both new and second-hand homes [1] - The number of families owning two or more properties has increased from 41.5% to 45%, indicating a growing challenge for these households as they face asset depreciation [2][4] - The decline in housing prices is attributed to several factors, including high prices relative to local income levels, economic downturns leading to reduced incomes, and an oversupply of both new and second-hand homes [4][6] Group 2 - Households with multiple properties are experiencing increased financial pressure due to stagnant incomes and rising monthly mortgage payments, alongside escalating costs for property maintenance and management [6] - The volume of second-hand homes for sale has surged, with cities like Beijing, Guangzhou, and Shanghai seeing listings reach 16.1 million, 20 million, and 37 million respectively, indicating a lack of confidence in future price recovery [8] - Rental markets are becoming increasingly challenging, with both first-tier and third-tier cities facing difficulties in leasing properties, exacerbated by high living costs and an influx of affordable housing options [10]