On October 31st, the Department of Housing and Urban Rural Development of Hubei Province issued the "Notice on Further Optimizing the Policy of Housing Provident Fund Use to Promote the Stable Operation of the Real Estate Market" (hereinafter referred to as the "Notice"). The Notice specifies five measures, including increasing the loan amount, adjusting the loan term, and canceling the withdrawal restrictions for purchasing houses in other places, to meet the rigid and diversified housing needs of residents. Since October, various regions have implemented policies to stabilize the real estate market based on urban conditions. Among them, optimizing the housing provident fund policy is an important lever to promote the stabilization of the real estate market. Guangzhou, Chengdu, Nanjing, and Weihai all introduced relevant measures in October to optimize and adjust housing provident fund policies from the perspectives of increasing loan quotas, optimizing the "business to public" conversion, and relaxing the scope of home purchase withdrawals. In October, various regions actively optimized their housing provident fund loan policies in terms of financial policies and introduced a series of housing purchase subsidies in terms of fiscal policies. ”Yan Yuejin, Vice President of Shanghai E-house Real Estate Research Institute, told reporters that the policy, combined with the peak season of "Silver Ten" in the real estate market and the marketing work of real estate companies in the fourth quarter, has provided significant support for stabilizing the market. Against the backdrop of promoting high-quality development of the real estate industry, the construction of "good houses" has also become an important focus of various regions' real estate policies. Guangzhou, Kunming, Haikou and other cities have introduced policies to clarify the standards for "good houses" and regulate the construction of "good houses". For example, on October 24th, the Natural Resources and Planning Bureau and the Housing and Urban Rural Development Bureau of Haikou City released the "Several Measures to Optimize the Planning, Construction and Management of 'Good Houses' in Our City", which clearly define six measures to create spaces suitable for tropical and rainy climates, improve the quality of public service facilities in residential areas, and support the establishment of diversified parking forms, in order to help achieve the goal of building' good houses'. Yan Yuejin believes that currently, various regions are actively implementing real estate policies, creating a favorable environment for home purchases. After the implementation of the "Residential Project Standards", there has been an increase in the number of "good houses" in various regions, and the cost-effectiveness of buying a house has improved. At the same time, the market adjustment has also been basically in place. These factors have further improved the real estate market in the fourth quarter and further enhanced residents' confidence in buying a house. With policy support, the overall performance of the real estate market remained stable in October. According to data from the Zhongzhi Research Institute, the average price of newly built housing in 100 cities across the country in October was 16973 yuan per square meter, an increase of 0.28% compared to the previous month. The average price of second-hand housing in 100 cities across the country is 13268 yuan per square meter, a decrease of 0.84% compared to the previous period. From the perspective of market performance, in terms of new residential construction, core cities such as Shanghai, Chengdu, and Nanjing maintained a high supply scale in October. Several real estate companies launched high-quality improvement projects during the National Day holiday, driving the structural increase in new housing prices in 100 cities compared to the previous month. ”Cao Jingjing, General Manager of the Index Research Department of the China Index Research Institute, analyzed that in terms of second-hand housing, under the influence of high listing volume and weak expectations, there is still significant downward pressure on second-hand housing prices, and the trend of "price for quantity" will continue. Looking ahead to the future, Cao Jingjing stated that short-term real estate policies are expected to continue to focus on promoting the market to stop falling and stabilize, while in the long run, they will anchor the industry's transformation towards high-quality development. From the perspective of market trends, real estate companies will enter a performance sprint stage at the end of the year. New supply from core cities is expected to provide some support for new home sales, and the transaction volume of second-hand houses is expected to continue a moderate recovery state, but short-term prices may continue to be under pressure. It is worth noting that the high base effect of the market began to emerge in the fourth quarter, and the sales volume of new and second-hand houses in key cities in October has shown a significant year-on-year decline. It is expected that the market will still face certain pressure at the end of the year. (New Society)