China new home prices fall for a third month in July
August 17, 2014 at 21:39 PM EDT
China's new home prices fell for a third straight month in July, according to Reuters calculations of official data. Prices nationwide fell an average 0.9 percent on month, following a 0.5 percent fall in June. On an annual basis, prices rose 2.5 percent, compared with 4 percent in June.