The first set of housing entered the saturation stage.
The life cycle of housing market is divided into three main stages: insufficient stage, improvement stage and saturation stage. The housing market in a country or region has a development process. If this happens, it is a sign of the collapse of house prices.
Second, there is a bubble in house prices.
There is a great debate about the definition standard of housing price bubble. Generally speaking, if housing prices continue to rise, it is difficult to generate bubbles at the stage of insufficient housing, because demand is strong and housing is the center. However, the real estate bubble has formed.
The third monetary policy suddenly changed from loose to tight.