China Home Prices Barely Fall in Sign of Hope for Builders
- Prices rose in the biggest cities last month, figures show
- Property slump is contributing to China’s economic slowdown
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China’s home price declines eased for a second month in January, offering a rare glimmer of hope to the embattled property sector.
New home prices in 70 cities, excluding state-subsidized housing, fell 0.04% last month from December, when they dropped 0.28%, National Bureau of Statistics figures showed Monday. Prices in large cities rose.