Gains in US home prices outpaced those in China last quarter as the Federal Reserve persisted with its ultra-loose monetary policy while policymakers in Asia’s biggest economy embarked on several rounds of regulatory crackdown to cool the housing market, fanning a cash crunch at China Evergrande Group.However, the divergence in home price growth between the US and China is expected to narrow in the coming quarters, analysts said.On average, prices across 15 US cities surged by 19.6 per cent in…
Source : South China Morning Post
Read more…US home prices grew 3.5 times faster than China in second quarter as Evergrande crisis weighs on sentiment: Knight Frank
