Core Viewpoint - Banks are accelerating their real estate direct sales business, indicating a shift in strategy to manage non-performing assets and respond to declining property values [2][6][14]. Group 1: Bank Actions - Multiple banks, including major ones like Agricultural Bank and Construction Bank, as well as smaller regional banks, are actively selling properties, with some banks listing over 1,000 units for sale [2][4][5]. - The official narrative is to "activate non-performing assets," but the reality suggests banks are offloading properties that are unlikely to appreciate in value [6][11]. - Banks are not only selling repossessed homes but also offloading non-core assets like office buildings and employee dormitories, signaling a broader strategy to minimize liabilities [12][14]. Group 2: Market Conditions - The real estate market is experiencing a decline, with banks facing increasing non-performing loan rates, particularly in the real estate sector, which has surpassed 9% for some banks [11]. - The number of properties in the auction market has decreased slightly, indicating a potential saturation in the foreclosure market [6]. - The overall trend is towards asset devaluation, with banks prioritizing cash recovery over profit maximization in the current economic climate [13][14]. Group 3: Implications for Homeowners - Homeowners are left with limited options as banks flood the market with discounted properties, creating pressure on existing homeowners [14][15]. - The actions of banks may lead to a significant shift in the real estate market dynamics, affecting homeowners' strategies in either holding onto their properties or exiting the market [15][16].