Friday, May 23, 2014 12:27:15 PM
even though the China real estate market has been cooling off recently. A pull back in the real estate market is a good thing because it allows more middle class Chinese access to the housing market and deflates prices. Most SouFun customers are middle to high-middle class consumers, thus the reason why SouFun continues to do well in the current environment.
The stock price continues to be in bear territory, but well above the $10 support level.
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