SouFun slides on pricing worries

|About: SouFun Holdings Limited (SFUN)|By:, SA News Editor

86Research observes SouFun (SFUN -4.8%) hasn't raised its listing prices this year, and thinks real estate agencies might force the company to slash prices.

Also: China Real Estate System Index thinks Chinese home prices just fell M/M for the first time since June 2012, declining 0.3% in May. On a Y/Y basis, prices still rose 7.8%, though that's down from April's 9.1% clip and March's 10%.

E-House (EJ -1.6%) is also off. Subsidiary Leju (LEJU -0.9%) is down modestly.

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