Xinhua Commentary: The signal of stabilization is strengthening, further consolidating the foundation for the high-quality development of the real estate sector.

The warmth of the property market in "gold three silver four" is beginning to show, and the market's expectations are undergoing positive changes. A series of signals indicate that the real estate market, led by first-tier and hot second-tier cities, is stabilizing and gaining strength, with industry confidence entering a continuous recovery channel. This is not simply a rebound, but a momentum of bottoming out and warming up after a deep adjustment in the real estate market. From adjusting and optimizing the housing provident fund policy to the normalization of the coordination mechanism for urban real estate financing, from the exchange of old houses for new ones to the increase in efforts to acquire existing commercial housing for use as affordable housing, the more precise and powerful policy measures implemented this year have laid a solid foundation for the high-quality development of the real estate industry. The stable and healthy development of the real estate market is related to economic operation and social welfare. Against the background of the continuous promotion of new urbanization, optimization and adjustment of existing stock, achieving a higher level of "having a place to live," is a requirement for the sustainable development of the economy and society. Looking ahead to the goals of the "14th Five-Year Plan," accelerating the transformation with more precise and powerful measures, balancing short-term market stability with long-term sound mechanisms, can truly promote high-quality development of the real estate industry.