If the real estate market is doing good, that just means that housing is getting more expensive and investors get a lot of profit out of it. China did something (tbh I don’t know what exactly they did) to make housing prices go down again. That means that investors lost money and the real estate market wasn’t doing well. It was on purpose because the point was to make housing cheaper, which is a good thing, but if you only see housing as something to make profits from, then this means that that market isn’t doing good.