China Housing Market Stabilizes as Prices Rise for Second Month

(Bloomberg) — China’s home prices rose for a second consecutive month in March, adding to signs that the country’s real estate sector is stabilizing.

New home prices in 70 cities, excluding state-subsidized housing, increased 0.44%, after rising 0.3% in February, the National Bureau of Statistics reported Saturday. Price gains expanded to 0.26% in the secondary market, after climbing 0.12% a month earlier.