{"id":1667253,"date":"2022-09-30T23:50:08","date_gmt":"2022-10-01T03:50:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1667253"},"modified":"2022-09-30T23:50:51","modified_gmt":"2022-10-01T03:50:51","slug":"chinas-sept-new-home-prices-fall-for-third-straight-month-private-survey","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-sept-new-home-prices-fall-for-third-straight-month-private-survey\/","title":{"rendered":"China\u2019s Sept new home prices fall for third straight month \u2013 private survey"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-sept-new-home-prices-fall-for-third-straight-month-private-survey%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1667253&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>BEIJING(Reuters) \u2013     New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers, a private survey showed on Saturday. <\/p>\n<p>China\u2019s property market crisis worsened this summer, with official data showing home prices, sales and investment all falling in August, adding pressure on the world\u2019s second-largest economy, which barely grew in the second quarter. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Prices in 100 cities fell 0.02% in September from a month earlier, after declines of 0.01% in July and August, respectively, according to a survey by China Index Academy (CIA), one of the country\u2019s largest independent real estate research firms.<\/p>\n<p>Among the 100 cities, 56 cities posted a fall in monthly prices, compared with 69 in August, the survey showed.<\/p>\n<p>Official new home prices for September will be released by the National Bureau of Statistics on Oct. 19.<\/p>\n<p>The chill in the sector deepened after a number of overleveraged leading developers defaulted on bonds and failed to complete projects or even start new ones, prompting many homebuyers to stop repaying mortgages and keeping a lid on demand for new homes.<\/p>\n<p>Sporadic COVID-19 lockdowns have also dampened consumer confidence, while job losses and weak economic growth have made many more careful about their spending.<\/p>\n<p>To prop up the distressed sector, many small cities have taken steps this year such as reducing down-payments, cutting mortgage interest rates, and offering better terms for  households with more than one child.<\/p>\n<p>Local governments will now be able to relax the floor on mortgage rates for first-time home buyers in some cities in phases, the central bank said on Thursday. <\/p>\n<p>In the fourth quarter, local governments can be expected to further implement measures to shore up their respective markets while continuing to guard against speculative purchases, said Cao Jingjing, a CIA analyst. <\/p>\n<p> (Reporting by Liangping Gao and Ryan Woo; Editing by Kim Coghill)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-sept-new-home\/attachment\/men-work-at-a-construction-site-of-apartment-buildings-in\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI90178-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI90178-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING(Reuters) \u2013 New home prices in China fell for the third straight month in September as a mortgage boycott across the country and a slowing economy discouraged potential home buyers,<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1667253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1667253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1667253"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1667253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1667253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1667253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1667253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}