Real Estate
China Home Prices Fall at Faster Pace Despite Revival Effort
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China’s new-home prices fell at a quicker pace in February, worsening for the first time in six months despite the country’s latest efforts to prop up the market.
Prices in 70 cities, excluding state-subsidized housing, dropped 0.14% from January, when they slid 0.07%, National Bureau of Statistics figures showed Monday. Values of used homes fell 0.34%, the same pace as a month earlier.