Global Food and Agriculture Photos April 23, 2017 - This roundup of global food, farming, and agricultural photos appears every Sunday on Big Picture Agriculture. Embed from Getty ImagesThis photo taken on A...
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.
Is this the blow off top or a sudden acceleration in the trend?