Little to show for real estate policy easing
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The main drag on November’s econ data was the continued fall in real estate activity.
The roll call of real estate numbers makes for grim reading:
Home sales fell 16.9% y/y, versus a 24.0% y/y fall in October.
Home prices decreased 0.33% m/m in the 70 cities monitored by the NBS, versus a 0.25% m/m...