China Home Prices Drop at Faster Pace as Stimulus Calls Mount

China’s home prices fell at a faster pace in June, underscoring growing speculation for additional measures to revive the property market.

New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.27% from May, the most in eight months, National Bureau of Statistics figures showed Tuesday. Values of second-hand homes fell 0.61%, the biggest decline since September.