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Chinese June home prices rose in 25 of 70 tracked cities falling in 21, the best result in 11...

  • Wednesday, July 18, 2012, 12:23 PM ET
    Chinese June home prices rose in 25 of 70 tracked cities falling in 21, the best result in 11 months, according to the government. The data matches private surveys which are also showing a turnaround in the housing slowdown. The news wasn't enough to help property shares, which fell 3.3% in Shanghai. TAO -1.3%.
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    The data isn't seasonally corrected, a problem shared by several Chinese economic indicators. There's seasonality in home prices and sales (both in China and in the U.S.).
    18 Jul 2012, 12:29 PM Reply Like
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