Core Viewpoint - The rise of second-hand housing "valuation" live streaming on social media platforms is seen as a new way to expose properties, but it is accompanied by various "tricks" that can mislead consumers [2][10]. Group 1: Live Streaming Dynamics - A new trend of second-hand housing valuation live streams has emerged, where homeowners and hosts negotiate property prices in front of an audience [2][4]. - Some homeowners are reportedly "water army" actors, using scripted dialogues to create conflict and attract viewers, which raises concerns about the authenticity of the valuations presented [2][6]. - The interaction often involves the host suggesting lower prices, which aligns with the current buyer's market, where sellers are pressured to reduce their asking prices [6][10]. Group 2: Market Environment - The second-hand housing market is currently characterized by high listing volumes and a trend of "price for volume," with significant year-on-year price declines reported in major cities [9][10]. - Data from the China Index Academy indicates that the average price of second-hand residential properties in 100 cities fell by 0.75% month-on-month and 7.26% year-on-year as of June 2025 [9]. - The market is sensitive to pricing, and drastic price cuts in one property can trigger a chain reaction, leading to further price reductions in the area [10]. Group 3: Industry Concerns - Industry associations have raised alarms about the lack of scientific and standardized valuation processes in these live streams, which can mislead consumers and disrupt the normal order of the real estate market [10][11]. - The real estate valuation is a highly specialized field, and the current practices in some live streams do not meet the necessary professional standards [10][11]. - There is a growing trend of regulatory oversight in various cities regarding real estate self-media, emphasizing the need for professionalism and adherence to legal standards in property valuation [11].