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China Nationwide Home Prices Flat In June

Capital Market/ 09:18 , Jul 18, 2012

China's broadest gauge of home prices showed average prices were unchanged in June from May, ending eight successive months of declines since October, according to data released Wednesday by the National Bureau of Statistics. New home prices in 21 of 70 major cities tracked fell during June, narrowing from 43 cities that reported month-on-month declines in May and April, the data showed. Against the year-earlier period, new home prices in June dropped in 57 cities, compared to the 44 that saw declines in May, and the 46 where average prices fell in April.

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