China Home Prices Drop Faster Even as Top Cities Ease Rules

China’s home prices fell more steeply in September, despite recent easing measures introduced by major cities to revive the struggling property market.

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.41% from August, the biggest decline in 11 months, National Bureau of Statistics figures showed Monday. Resale home values fell 0.64%, the steepest slide in a year.