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China’s November Housing Transactions Rebound as Prices Fall

China’s November housing transactions rose 12 percent, rebounding from a decline the previous month as lower home prices attracted buyers.

The value of homes sold last month climbed to 416.4 billion yuan ($65.4 billion), based on data from the National Bureau of Statistics today. That’s up from 372.3 billion yuan in October when housing sales slumped 25 percent, the first retreat in three months as the government intensified measures to cool the housing market this year.