Home prices in China’s 70 largest cities rose by an average 7.5 percent between July and August, the largest monthly gain for the cities tracked since December 2010, according to Forbes. The runaway rising prices inspire talk of a housing bubble, which, given that home purchases in China require at least a 20 percent down payment, is not buoyed by worry of defaulted loans as much as that of oversupply.
Source: Forbes
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