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China's Official January 2015 Housing Price Data - A Turning Point?

Scary headlines sell newspapers and attract clicks. Perhaps this is why media outlets are focusing on the wrong number from January's official home price data. Specifically, the year-over-year comparison for new home prices, which widened to -5.1% YoY in January vs. -4.3% in December, not a great sign for an economy facing a ton of growth challenges. Seeing a widening gap in new home prices must mean the unmistakable demise of the housing sector, compounding China's other problems until the economy collapses under its weight, right?

Well, not exactly. Read more