China’s New-Home Prices See Sharpest Monthly Drop in 11 Months

Prices in 70 major cities fell for the 29th straight month, with used homes posting the steepest decline in a year.

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Terms & Concepts
  • MoM (Month-over-Month): A measure comparing the change in a statistic between one month and the next.
  • Used-Home Prices: The average market prices of previously owned residential properties.
  • Real Estate Market Decline: A sustained decrease in property prices within a specific market or sector.