Industry insiders said that the bottom of the current industry fundamentals may have passed, but overall, the real estate market is still in a weak recovery phase of marginal improvement in sales, and it is expected that the overall recovery will take some time. Huang Yu, executive deputy director of the China Index Research Institute, said that in the short term, before the real estate market returns to stable operation, the frequency of urban policies may be maintained at a relatively fast pace, and there is still room for policies at both ends of supply and demand. It is expected that the first-tier cities will still be mainly fine-tuned, and the policy optimization of the second-tier and third-and fourth-tier cities is expected to continue to increase. On the monetary policy side, mortgage interest rates still have some room to decline in the short term, and we do not rule out the possibility of continuing to cut interest rates asymmetrically. Yan Yuejin, research director of the think-tank Center of the Yiju Research Institute, believes that although the decline has narrowed, house prices in second-tier cities have turned negative for the first time after 79 months, so it is necessary to guard against the risk of house prices in some second-tier cities being too cold. For the real recovery of the market, it may have to wait until the fourth quarter.