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China Home-Price Recovery Slows in October Amid Supply Glut

By Tony Seruga

Home prices in October rose in 27 cities, 39 in September
China’s President Xi Jinping vowed to ease housing inventory

China’s home-price recovery slowed in October, as a supply glut in less-prosperous cities challenges the authorities’ efforts to revive the residential market with interest-rate cuts and easing of mortgage restrictions.

New-home prices increased in 27 cities, 12 fewer than in September, the National Bureau of Statistics said Wednesday. Prices dropped in 33 cities, compared with 21 in September, and were unchanged in 10…

China Home-Price Recovery Slows in October Amid Supply Glut

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