China’s Soaring Housing Market Finally Takes a Breather

LUOYANG, HENAN, CHINA - 2014/09/30: A large area of new apartment blocks have been built around the Luoyang Longmen High Speed Railway Station, which was once rural farmland. According to the housing index issued in Sept, the average price of a new residential in China has continuously decreased for the fifth straight month. Many middle sized cities have cancelled the limit policy and the government is considering modifying the mortgage lending measures for first-home buyers to stimulate the market. (Photo by Zhang Peng/LightRocket via Getty Images)