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Home prices fell in 46 out of 70 tracked Chinese cities in March, up from declines in 45 in...

Home prices fell in 46 out of 70 tracked Chinese cities in March, up from declines in 45 in February, reports the NBS. On a Y/Y basis, home prices declined in 38 cities vs. just 27 in February. Home sales were 17% lower during Q1, says Credit Agicole's Dariusz Kowalczyk, citing separate data. Shangahi +2% last night, led by property developers. Go figure.
Comments (3)
  • Jason Tillberg
    , contributor
    Comments (1237) | Send Message
     
    car sales were down in China as well in the first quarter.

     

    china is slowing it's growth, but I would believe that it's sound policy
    18 Apr 2012, 07:31 AM Reply Like
  • Michael Clark
    , contributor
    Comments (8362) | Send Message
     
    Well, bubbble mania is NOT a legitimate economic policy, as the whole world is now beginning to realize. Slow real growth is superior to manic inflated monetary growth.
    18 Apr 2012, 08:01 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    they had a bubble too...familes were buying homes for just the appreciation...not to live in...sound familiar???? like Florida 5 years ago
    18 Apr 2012, 08:06 AM Reply Like
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