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ï»\xBF5 years, terms of existing homes for sale area, inventory 426 million square meters, to the period of 23 months. It is noteworthy that, according to the maximum reasonable stock of inventories to sales ratio, the total stock of commercial housing reasonable only 22 million square meters, of which, existing home inventory to 18-month period, with an area of ​â€\x8B321 million square meters, to the Forward House for 24 months, It relates to 1.578 billion square meters. To melt cycle, the current inventory of existing homes up to 23-24 months, well above the reasonable range of 6-18 months compared with 11 months in 2012 about is soaring. Imbalance in the housing market entered a 'structural surplus' Time report noted that the current China's housing market is a very prominent problem is the development of a serious imbalance in the housing market, the structural surplus and the structural shortage coexist. The obvious contradiction between housing supply and demand-tier cities, the price is extremely high; four-tier cities and some second-tier cities housing market has staged excess, high inventories, falling house prices. CASS Institute of Finance and Economics Dr. strategy Zoulin Hua said in the past decade, under rapid urbanization and industrialization wave driven urban housing as a whole in short supply situation. However, since 2014, the total amount of housing 'shortage' Time Fade 'structural surplus' era. Zoulin Hua said that although the total housing shortage era has passed, the four-tier cities housing short-term surplus significantly, but due to net inflows and rising income levels of the population, still part of the first-tier cities housing shortage at this stage. Meanwhile, structural shortages in some cities, housing small size and grade to live and other serious imbalance. Many second-tier cities such as Xi'an, Qingdao, have appeared in large units better quality residential sales, while sales of small units below 90 square meters of cold situation. The report notes that, under the internal structural surplus serious, worsening external environment conditions, if continues the original 'real estate Economy' of the guide, to stimulate housing consumption to sustain high economic growth and high prices, a structural surplus will increase housing . Ni Pengfei said that over the past decade, although the housing market contributed to rapid economic growth, but as the macroeconomic pillars and local government financial resources, but also carries too much pressure. 'Rates can not be considered to be up and down, so that urban households are overburdened