Despite revival efforts, Chinese home prices are falling at a faster pace
China’s new-home prices declined faster in February, deteriorating for the first time in six months despite the country’s most recent attempts to support the industry. Prices in 70 cities, excluding state-subsidized housing, fell 0.14% from January’s 0.07%, according to National Bureau of Statistics data released Monday. Used property prices declined 0.34%, matching the rate a…