Housing buzz about easing in more cities grows

China's property market is rife with speculation that more cities will announce cuts to mortgage interest rates and down payment ratios, like several cities had done in the past few days.

Market insiders said they expect each city to announce new measures that factor in local conditions. Together, such steps will likely spur housing demand nationwide, potentially aiding the industry's stable and healthy development.

In response to a series of high-profile supportive policies announced by Chinese authorities on May 17, several cities announced new measures to shore up their local housing market.