China's home prices fell in October but at a slower pace, hinting at market stabilization.

China's home prices continued to fall in October but at a slower pace, indicating a potential stabilization. New home prices in 70 major cities dropped 0.5% from September, the slowest decline in seven months. While first-tier cities saw a slight decrease, second-hand home prices in these cities increased for the first time in over a year. Despite ongoing declines in property investment and construction, government support measures have helped ease the market's downward trend.

November 15, 2024
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