China's sizzling housing market is cooling off | Money & Company | Los Angeles Times

China's sizzling housing market is cooling off | Money & Company | Los Angeles Times: "China’s aggressive new regulations aimed at cooling off the nation’s real estate market have led to the first decline in housing prices in 16 months, government data released Monday showed.
An index of urban residential property prices in 70 mid-to-large-sized cities fell 0.1% in June compared with May, marking the first month-to-month drop since February 2009. Many buyers have been sidelined since the central government increased down payment requirements and tightened mortgage lending in April."