Core Viewpoint - Local governments have significantly increased the frequency of policies aimed at stabilizing the real estate market, with 18 announcements made in the past week, marking a shift to a "high-frequency output" mode for market stabilization since July 2025 [1][2][12]. Policy Trends - The frequency of local "stabilization" policy announcements has remained at 18 for the past week, consistent with the previous week. This marks a notable increase since the central urban work conference in mid-July 2025, indicating a proactive approach to stabilize the market [2][3]. - The most frequently mentioned policy type is the optimization of housing provident fund policies, with 7 mentions in week 32, accounting for over one-third of all stabilization policies [3][6]. Recent Developments - Beijing has introduced multiple supportive measures, including the unbinding of purchase restrictions outside the Fifth Ring Road, an increase in loan limits, and a reduction in down payment ratios for provident fund loans [12][13]. - The focus on "good housing" has increased, with 5 mentions in the past week, as cities like Fujian and Chengdu have issued new regulations to enhance housing quality [3][14]. Housing Quality and Urban Development - Recent policies emphasize high-quality urban development, with cities implementing measures to improve housing quality and meet new housing demands. This includes the introduction of guidelines for high-quality housing design in Fujian [14]. - The housing security measures have been expanded in cities like Chengdu and Xi'an, addressing the needs of specific groups and enhancing the overall housing market [14]. Summary of Local Policies - In the past week, 17 provinces and cities have issued 18 stabilization policies, with significant changes in Beijing's housing policies expected to benefit a large portion of new housing supply [12][13]. - Other cities have also optimized their provident fund policies, allowing for greater flexibility in loan terms and usage [13].