Houston Community News >>
12/17/2011 BEIJING — Falling home values. Debt-strapped
borrowers. Real estate woes dogging the economy. It's old news in the
United States, but now the air has started to leak from another great
housing bubble — in
China.
Home prices nationwide declined in November for the third consecutive month, according to an index of values in 100 major cities compiled by the China Index Academy, an independent real estate firm. Average prices in the Shanghai area are down about 40 percent from their peak in mid-2009, to about $176,000 for a 1,000-square-foot home
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Home prices nationwide declined in November for the third consecutive month, according to an index of values in 100 major cities compiled by the China Index Academy, an independent real estate firm. Average prices in the Shanghai area are down about 40 percent from their peak in mid-2009, to about $176,000 for a 1,000-square-foot home
Read More
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