- Only 2 of 70 higher, with 16 reporting unchanged
- New home prices up 1.8% y/y in December compared to +2.4% in Nov.
- Beijing existing home prices down 0.8% m/m, down 2.0% y/y.
- Wenzhou, a port city of 3m in the South, reported a 4.9% monthly decline and 11.3% y/y decline
Not good, once home prices start to fall there is no telling when they’ll stop.