[文档标题][文档副标题]1目录理解房地产市场的全流通视角............................................................................3全流通：理解市场的结构性视角.................................................................3全流通的市场含义：均衡的市场结构.........................................................4全流通的政策含义：中性市场观.................................................................72018年全国房地产市场回顾................................................................................9补贴红利........................................................................................................9虚假繁荣......................................................................................................10巨量顶峰......................................................................................................12自然调整......................................................................................................14二手房全国化..............................................................................................17市场预期走弱..............................................................................................20政策先紧后松..............................................................................................23一线城市复苏..............................................................................................25二线城市回落..............................................................................................262019年房地产政策展望......................................................................................28刀刃上求平衡..............................................................................................282019年政策的主要变化.............................................................................30政策调整的可能路径..................................................................................312019年房地产市场展望.............................................................
