* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Entertainment

Homebuyers Biding Their Time as Second-Hand Prices Continue to Fall

November 21, 2023
in Entertainment
Homebuyers Biding Their Time as Second-Hand Prices Continue to Fall
Share on FacebookShare on Twitter

Buyers are still waiting for China’s housing market to bottom out, analysts say, as the second-hand housing prices failed to pick up during the traditional peak season for sales in China.  

According to data released by the National Bureau of Statistics last Thursday, second-hand housing prices fell in 62 large- and medium-sized cities in September and October.  

Much attention has been paid to the performance of the second-hand market during “golden September and silver October,” when housing transactions tend to peak in China every year. 

The second-hand market makes up around 40% of housing transactions in the country and is especially dominant in major cities, as new builds are often far from the city center and buyers grow increasingly wary of purchasing presale homes. 

The second-hand market also has a significant impact on the overall market as many second-hand home sellers are looking to upgrade their homes, analysts say. 

According to industry insiders, the sweeping relaxation of restrictions on home purchases introduced by the government in the run-up to this year’s peak season, including lifting restrictions on the number of home purchases and more favorable loan conditions, caused a surge in supply of second-hand homes.

“The current listing volume of second-hand homes is relatively high, while the demand is comparatively low,” Yan Yuejin, a research director at E-house China R&D Institute in Shanghai, told Sixth Tone. 

“Even in major cities, some people may now have the opportunity to purchase new homes as the prices of new homes have fallen, so they might choose not to buy a second-hand home.” 

According to 58 Anjuke Institute, the average number of second-hand homes listed for sale in a first-tier city reached over 210,000 in October, a month-on-month increase of 3.4%. A representative of Lianjia Research Institute in Beijing told Sixth Tone that the new policies gave an initial boost to the market, but the effects diminished as buyers are still waiting for further price drops.

“Sellers’ expectations (of prices) have declined compared to the initial period after the policies were introduced, while buyers have consistently remained rational,” the representative wrote in a note on Tuesday. 

According to the representative, 70% to 80% of second-hand home sellers in Beijing are looking to upgrade their current homes. As of Monday, second-hand home transactions in Beijing reached 7,758 units in November, on track to match the transaction volume in October.

In Shanghai, real estate agents told Sixth Tone that an initial surge in second-hand home transaction volume and listings at the beginning of September was followed by a “notably sluggish” period.

“In the second half of September, the transaction volume was basically very low,” Xing Zhongwei, a real estate agent from Lianjia, one of China’s biggest real estate agencies, told Sixth Tone. “No one is buying without a price reduction.” 

Meanwhile, average prices of second-hand homes in second-tier cities, including Tianjin, Nanjing, and Dalian, also decreased in October by 0.5% from September.  

Yang Ruining, a homeowner in Hangzhou, Zhejiang province, has tried to sell his 60-square-meter apartment for around six months to upgrade to a bigger home, but has not found a buyer despite reducing the listing price by 8.6% during this period, from 230,000 yuan ($32,240) to 210,000 yuan.

With a rise of 0.5%, Hangzhou was one of only two major cities to see second-hand home prices increase month-on-month in October.

According to research director Yan, the second-hand market has a major impact on overall market confidence and liquidity. “Families unable to sell their second-hand homes also lack the means to purchase new ones,” said Yan.

Since October, multiple cities, including Shanghai, Beijing, and Guangzhou, have doubled down efforts to support the housing market by expanding the scope of the policy of “recognizing homes, not recognizing loans” to not just commercial loans but also provident funds. 

While welcoming further stimulus measures, Yan said one of the keys to the recovery of the housing market is restoring overall confidence among buyers that housing prices will not continue to fall. 

“Only then will buyers feel assured about their purchase,” said Yan. 

Editor: Vincent Chow. 

(Header image: IC)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : SixthTone – https://www.sixthtone.com/news/1014123/Homebuyers%20Biding%20Their%20Time%20as%20Second-Hand%20Prices%20Continue%20to%20Fall

Tags: BidingentertainmentHomebuyers
Previous Post

Has the ‘Double Eleven’ Shopping Festival Lost its Luster?

Next Post

New Dam in NW China Aims to Restore Flow to Parched Heihe River

Celebrating Excellence: Joy in Medicine® Health System Recognition Program

July 30, 2025
Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

July 30, 2025
Revving Up The U.S. Technology Engine – Forbes

Revving Up The U.S. Technology Engine – Forbes

July 30, 2025
SAVING COLLEGE SPORTS – The White House (.gov)

SAVING COLLEGE SPORTS – The White House (.gov)

July 30, 2025
Oxygen & nutrients in Puget Sound – Department of Ecology – State of Washington (.gov)

Essential Oxygen and Nutrient Levels in Puget Sound: What You Need to Know

July 29, 2025
What U.S. science stands to lose without international graduate students and postdoctoral researchers – The Transmitter

What U.S. science stands to lose without international graduate students and postdoctoral researchers – The Transmitter

July 29, 2025
Pacific Science Center announces short-term closure to dismantle exhibit – The Seattle Times

Pacific Science Center Temporarily Closes to Dismantle Popular Exhibit

July 29, 2025
You can slow cognitive decline as you age, large study finds. Here’s how – CNN

You can slow cognitive decline as you age, large study finds. Here’s how – CNN

July 29, 2025
Artlogic and ArtCloud Merge in Bid to Shape Art World’s Digital Backbone – ARTnews.com

Artlogic and ArtCloud Join Forces to Transform the Digital Future of the Art World

July 29, 2025
Culture-Native Wallets Are Next: Inside Luffa’s Fan-Economy Operating System – The Defiant

Culture-Native Wallets Are Next: Inside Luffa’s Fan-Economy Operating System – The Defiant

July 29, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (745)
  • Economy (769)
  • Entertainment (21,649)
  • General (16,181)
  • Health (9,807)
  • Lifestyle (777)
  • News (22,149)
  • People (771)
  • Politics (779)
  • Science (15,982)
  • Sports (21,267)
  • Technology (15,750)
  • World (752)

Recent News

Celebrating Excellence: Joy in Medicine® Health System Recognition Program

July 30, 2025
Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

Dorothy Teater, remembered as a ‘trailblazer’ for women in central Ohio politics, dies at 94 – The Columbus Dispatch

July 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version