Chinese Housing Prices Slide Again in July

The average price of pre-owned housing units across 100 Chinese cities slid again in July in defiance of hundreds of government policy moves to prop up the collapsing real estate market. Home values fell the most in smaller cities.

In the 100 cities, average housing prices fell 0.09% from June to 16,012 yuan ($2,370) per square meter last month, according to the China Index Academy. The decline was 0.07 of a percentage point sharper than the drop in June. Sixty-nine of the 100 cities reported price declines in July, 11 more than in June.