2009年4月以来,多个国家房地产市场出现触底回暖的现象。美国房地产市场出现了下滑趋缓的迹象,全美住宅建筑商协会(NAHB)景气指数自底部反弹,新屋与成屋销售也均出现反弹。投资者对于房地产市场的看法逐步由悲观转为乐观,这一乐观情绪明显鼓舞了资本市场。房屋市场是否已经触底,何时出现明显反弹,这对于美国经济和金融市场的影响都是十分关键的。 Since April 2009, the real estate market in many countries has seen a bottoming-out phenomenon. The US real estate market showed signs of slowing down. The National Association of Home Builders (NAHB) sentiment index rebounded from the bottom and both new home and existing home sales also rebounded. Investors’ view of the real estate market has gradually shifted from pessimism to optimism, which optimizes the capital market. Whether the housing market has bottomed out and when a clear rebound has occurred is crucial for the economic and financial markets in the United States.