China’s housing market has shown a weak recovery as the year-on-year decline in home sales from January to September narrowed, the 21st Century Business Herald reported. Transaction volumes are expected to increase month-on-month in Q4 as local governments keep loosening policy and developers continue with sales promotions, the newspaper said citing Chen Wenjing, head of market research at China Index Academy. Reducing the down-payment ratio, supporting the purchase of second homes, and relaxing restrictions on home purchase limits are required to support a further recovery, the newspaper said citing analysts.