China's home prices ease in October

BEIJING - China's home prices in 70 large and medium-sized cities eased in October, with more cities seeing a decline in home prices, the National Bureau of Statistics said Wednesday.

In October, 58 out of the 70 cities saw a month-on-month drop in new home sales prices, compared with 54 in September. A total of 62 cities witnessed a decrease in resale home prices, up from 61 in the previous month.