Chinese Home Prices Rise 1.0 pc in October

It wasn't only third- and fourth-tier cities driving the increase. Prices in Wuhan climbed 2.5 percent, Chengdu 1.7 percent, Hangzhou 1.2 percent, Zhengzhou and Fuzhou 1.0 percent.

Until home prices cool, there won't be a loosening of credit, lest it risk another housing bubble or worse.