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Chinese Home Price Growth Slows

Mamta BadkarFeb 24, 2014, 07:21 IST

REUTERSA worker wields a hammer at a demolition site in front of new residential buildings in Hefei, Anhui province, October 19, 2013.

Chinese now home prices were up 9.6% year-over-year in January. This was down from 9.9% in December.

Home prices were up in 69 of 70 cities surveyed.

CNBC's Dierdre Wang Morris pointed out that Chinese developers were taking a hit after the data.

More to come...