China Home Prices Drop at Slower Pace as Slump Abates

China’s home price declines moderated in February, a sign that the property downturn may finally be reaching a bottom.

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.28% from January, when they slid 0.37%, figures from the National Bureau of Statistics showed on Monday. Resale home values, which are subject to less government intervention, decreased 0.43%, the smallest decline in 10 months.