Tuesday, 20 March 2012

Housing market weakens in China, steady in US

China's housing market is deflating. A report on Sunday showed that home prices in China's 70 major cities fell 0.1 percent in February when compared to January. Prices fell in 45 of the 70 cities.

The US housing market, though, may still be maintaining a recovery path. The NAHB/Wells Fargo Housing Market index was unchanged at 28 in March, the highest level since June 2007.

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