Crash Landing: China Home Prices Plunge At Fastest Pace On Record, Surpass Post-Lehman Collapse

Wednesday, March 18, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
03/18/2015

Less than three weeks ago, when the PBOC proceeded with its latest “surprise” rate cut, we showed a chart that should scare everyone who is hoping that China will avoid a hard-landing would prefer would never have been revealed: the annual collapse in Chinese home prices is now so sharp and so widespread, that it has surpassed the housing collapse in the aftermath of the Lehman collapse.” Overnight things went from bad to worse, when China’s National Bureau of Statistics reported that contrary to hopes for a modest rebound, China’s average new home prices fell at the fastest pace on record in February from a year earlier.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter