Runaway Chinese house prices cool a bit

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China completed its September data dump on the weekend with house prices that cooled a bit, up 0.9% on the month and 7.9% on the year:

62 of 70 cities had rising prices:

The top tier remains cold but the lower 80% of the market is still on fire:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.