Home prices rise for first time in 10 months
HOME prices in China rose for the first time in 10 months amid steadily recovering sales registered in major cities over the past few months.
Home prices rose in April for the first time in seven months as government tax incentives helped to bolster the housing market, according to the Standard & Poor's/Case-Shiller 20-city home price index released Tuesday, which posted an 0.8 percent gain after falling in each of the past six months.