China's Home Prices Continue to Decline, Despite Government Efforts

Home prices in China dropped for the 10th consecutive month, signaling deepening troubles in the real estate sector.

March saw new home prices in China fall at the fastest rate since August 2015, with a year-on-year decrease of 2.7%.
Existing home prices also declined sharply, with a 5.9% drop compared to last year across 70 cities.
Government interventions, including lower interest rates and support for developers, have yet to stabilize the market.
Sales of residential properties plummeted by 31% in the last quarter, underscoring the sector's downturn.
Analysts predict a continued decline, potentially requiring significant policy changes to revive the market.