房价为什么下降？

房价下降是指房屋价值的下降趋势。在近年来，房价的下降已经成为一个全球性的现象，尤其是在一些发达国家和地区。那么，房价为什么会下降呢？

Firstly, the housing market is a highly cyclical market, which means that prices and sales volume are affected by economic cycles. When the economy enters a recession or a slowdown, housing demand will decline, leading to a drop in housing prices. Additionally, financial crises and financial policies are also factors that can affect housing prices. For example, if the Fed raises interest rates or the government tightens mortgage loan restrictions, housing prices may also decline. In addition, over-supply of housing is another factor that can lead to a decrease in housing prices. If the supply of housing exceeds demand, prices will fall to balance the market. Finally, some experts believe that the increase in property tax is also one of the reasons for the decline in housing prices.英文翻译：

Firstly, the housing market is a highly cyclical market, which means that prices and sales volume are affected by economic cycles. When the economy enters a recession or a slowdown, housing demand will decline, leading to a drop in housing prices. Additionally, financial crises and financial policies are also factors that can affect housing prices. For example, if the Fed raises interest rates or the government tightens mortgage loan restrictions, housing prices may also decline. In addition, over-supply of housing is another factor that can lead to a decrease in housing prices. If the supply of housing exceeds demand, prices will fall to balance the market. Finally, some experts believe that the increase in property tax is also one of the reasons for the decline in housing prices.