Leveraged Housing Blowout: New Home Prices Rise 1.2pc in August

Home price increases are spreading, with 64 cities seeing increased new home prices in August. The cities that had been leading the price rise, the first-tier cities and the hot second tier cities, saw their share of the national price increase slide to about 47 percent. They make up 65 percent of the year-on-year increase of 7.3 percent. The largest increase was in Zhengzhou, 5.5 percent in August.

Existing home prices increased 0.9 percent. Zhengzhou was the leader, up 4.5 percent. 57 cities saw rising prices in August, 4 were flat, 9 down.

NBS: 2016年8月份70个大中城市宅销售价格变动情况

Is this the blow off top or a sudden acceleration in the trend?

No comments:

Post a Comment