US trophy-home prices climb at slowest pace in three years
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PRICES for the most expensive US homes grew at the slowest pace in three years as wealthy buyers became worried about overpaying following a surge in values, Redfin Corp said.
Prices for the top 5 per cent of homes in the 300 cities Redfin tracks rose 0.9 per cent in the first quarter from a year earlier, compared with a 4.3 per cent gain for the rest of the market, according to an analysis released on Thursday by the Seattle-based brokerage.
