China Home Prices Fall at Slower Pace as Support Mounts

(Bloomberg) — China’s home prices declined at a slower pace for both new and existing-units in January, the first signs of improvement in 10 months.

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.37% last month from December, when they retreated 0.45%, National Bureau of Statistics figures showed Friday. The second-hand market also improved, with price declines narrowing to 0.68%.