​China Home Prices Just Plunged The Most Since 2015 – Tyler Durden

China Home Prices Just Plunged The Most Since 2015 By George Lei, Bloomberg Markets Live reporter and strategist Home Prices to Slide Amid Elusive Stimulus China’s new home prices in July plunged the most since 2015 on a year-over-year basis, as a gauge of homebuilder stocks remain mired in a bear market. Shimao Group Holdings Ltd. — among the biggest companies on the index based on weightings — has seen its share price fall more than 50% over the past three months. Meanwhile, remarks from the People’s Bank of China Governor Pan Gongsheng suggest policymakers are in no rush to stimulate the economy. That means the country’s battered housing sector…  — Continue at ZeroHedge News : Read More