China Used-Home Prices Fall at Slower Pace in Positive Sign

China’s second-hand home prices fell at a slower pace in January, providing a glimmer of hope that the prolonged property crisis is easing.

Resale home prices in 70 cities dropped 0.54% from December, the smallest decline in eight months, figures from the National Bureau of Statistics showed on Friday. Values of new homes, excluding state-subsidized housing, slid 0.37%, the same pace as a month earlier.