Since the beginning of this year, the central government has continuously released the signal of stable land production, and various localities have made continuous efforts to "implement policies based on cities", ranging from adjusting provident fund loan policies to reducing down payment and interest rates, and then to loosening policies such as purchase and sales restrictions. Recently, innovative ways such as "room tickets" have appeared, and the superposition effect of a series of house purchase support policies and real estate relief policies began to show. In May, all indicators of real estate rebounded month-on-month, and the decline in house prices slowed down. The low level of the second-hand housing market has been repaired, and the market volume, price and expectations have improved. Industry insiders believe that the national property market is still in the process of bottoming out, and a real stabilization still needs the help of a combination of policies. In the future, local policies will be more targeted, and there is room for further adjustment in purchase restrictions, price restrictions, down payment ratio, identification of first suite standards, loan interest rates, taxes and so on. (Securities Times)