Local governments don't want house prices to fall. Most local governments still rely on land finance. If house prices fall, the government's debt will appear immediately, and then the possibility of government default is very high. Do you think local governments will file for bankruptcy? So far, no local government in China will bear such consequences, even in third-and fourth-tier cities, even in cities like Urumqi.
As developers and sellers, do you think they will be willing to let house prices fall? If you own a house, you won't sell it at a reduced price. Even if the house price falls, you should keep it for yourself. Why are you in a hurry? Don't use the money in a hurry, wait until the house price rises, what do you say?
There is also a general psychology-buy up and not buy down. If the house price falls, will you buy it? If you think the price has gone up and you stop buying it, it will go up and you can't buy it yourself, then you won't. What if it falls? Will it fall again? Therefore, it is precisely because of these psychological factors that house prices have gone up, so house prices will not fall. ?
Under the present circumstances, all parties are trying to maintain housing prices and are unwilling to lower them. Do you think it is possible to reduce the price? So, if you want to buy a house, don't wait, do it when it's time!