According to The Kobeissi Letter, China's housing market is experiencing significant declines, with newly built home prices dropping by 5.7% in December, nearing the largest drop in a decade. Existing home prices fell by 8.1%, marking one of the largest declines in at least 14 years. This prolonged downturn in home sales, which has persisted for over two years, could affect related sectors and should be closely monitored by traders for potential impacts on global markets.

According to The Kobeissi Letter, China's housing market is experiencing a significant downturn, with prices of newly built homes falling by 5.7% in December, marking one of the steepest declines in a decade. Additionally, existing home prices have dropped by 8.1%, the largest decrease in at least 14 years. This persistent decline in home sales, spanning over two years, suggests ongoing instability in the market, which could influence investment strategies and trading decisions related to Chinese real estate and associated financial instruments.