Indicators
China Home Prices Fall at Slower Pace as Stimulus Takes Hold
- Policy support has improved homebuyer sentiment, analyst says
- Concerns remain about health of developers including Vanke
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China’s decline in home prices abated for a fourth month in December, reflecting signs of market stabilization after the government’s latest stimulus blitz.
New home prices in 70 cities, excluding state-subsidized housing, dropped 0.08% from November, the smallest decline in a year and a half, National Bureau of Statistics figures showed Friday. Existing home values slid 0.31%, easing from a 0.35% drop a month earlier.