Economists expect realty bounce soon

Major cities recently cut mortgage rate minimums, down payment conditions

China is on the right track to deal with its property woes with a new round of policy easing measures recently issued, thus painting a rosy picture for gradual stabilization of a sector key to reviving the world's second-largest economy, said economists of two prominent foreign institutions.

They said China has made incremental progress in containing the potential risks in the housing sector, expecting to see more forceful policy efforts to rebalance the economy and digest housing inventories in the coming months.

Their comments came as policymakers have pivoted toward more aggressive rescue measures, including more direct government balance sheet support for resolving a housing "stock" supply problem, and a step-up in nationwide demand-side easing.