China Property Woes Deepen With Vanke Slump, Country Garden Halt
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
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One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
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Jan 28, 2020
Bloomberg News
,(Bloomberg) -- Home prices in 20 U.S. cities rose in November at the fastest pace in nine months against a backdrop of stronger demand and lean housing inventory.
The S&P CoreLogic Case-Shiller index of property values increased 2.6% from the same month the previous year, data released Tuesday showed. The median forecast in a Bloomberg survey of economists called for a 2.4% annual advance. Home prices climbed 0.5% from the previous month -- also topping forecasts -- matching the October increase for the best back-to-back gains since early 2018.
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To contact the reporter on this story: Vince Golle in Washington at vgolle@bloomberg.net
To contact the editor responsible for this story: Scott Lanman at slanman@bloomberg.net
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