- Average new home prices slipped 0.3% in May from April, the first decline since June 2012, according to China Real Estate Index System. On a Y/Y basis, prices rose 7.8% vs. 9.1% in April and 10% in March. Of 100 cities surveyed in May, 62 showed declining prices vs. 45 in April.
- At issue seems to be a backing off by buyers outside of major cities like Beijing or Shanghai amid worries of further price cuts and trouble getting mortgages, and a property analyst with CIMB Securities sees home prices falling 10-15% in second-tier cities.
- Housing starts across the country have slid 9.9% by value through April of this year from a year earlier.
- TAO +1.9% YTD
China home price fall is first in almost two years
From other sites
at MarketWatch.com (Aug 12, 2011)
at MarketWatch.com (Feb 13, 2011)
at MarketWatch.com (Feb 9, 2011)
at MarketWatch.com (Feb 8, 2011)
at MarketWatch.com (Jul 26, 2010)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs