China Home Sales fall in August versus July

Home sales in the first 20 days of August fell 8.9 percent over the same period in July, Centaline Beijing’s data showed.

The figures in 54 cities that the company monitored hit 165,930. Though lower than that of July, the figure was still the second highest this year.

Home sales in major cities registered a bigger month-on-month decline. Shanghai saw a 30 percent decline, while Hangzhou, Nanjing and Wuhan registered a fall of nearly 20 percent.

via ECNS.

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza