According to CN Wire:
- First-tier cities report higher home prices.
- Second and third-tier cities see modest declines in home prices.
- Annual price drop narrows across all city tiers.
However, East Asia Econ remarked on the housing market data and the need for further rate cuts, stating:
“Deflation eased in January, but only slightly. That’s no surprise, given mortgage lending also remained weak last month. The sluggishness is persisting despite low rates, and the failure of rate cuts to revive the quintessentially rate sensitive sector remains a standout feature of this cycle.”
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