53 cities up, 46 down and 1 flat. 15 cities saw prices rise more than 1%. Number of cities falling more than 1% fell to 12.
Here is your bifurcation headline number: the median new home price increased 1.03% in June.
The bottom cities were not no names. Rizhao, Jinan (both in Qingdao), Kunming, Urumqi, Sanya were among the cities with the largest price declines.
Among the winners that aren't top 10 cities: Lanzhou, Baoding, Kunshan and Xiamen.
Shenzhen is still blowing away the competition, up 6.58% in June. It is now pricier than Shanghai. Existing home prices in Shenzhen increased 8.6% in June. Shenzhen home prices are up 13.7% over last year.
Leadership (Bio-Tech) breakout; Good sign for broad market - Below looks at the Bio-Tech ETF XBI since 2012. The chart reflects that over the past 5-years the S&P had done very well, as it is up 70%. Over the same ...