China Home Prices Hold Steady After Falling for 16 Months

(Bloomberg) — China’s home prices steadied in January, ending a 16-month decline after the government expanded stimulus policies for the sector.

New-home prices in 70 cities, excluding state-subsidized housing, remained unchanged, compared with a 0.25% decline in December, National Bureau of Statistics figures showed Thursday. In the secondary market, existing-home prices dropped 0.28%, smaller than the 0.41% decline in the previous month.