Power Broker Frances Katzen on Pending Home Sales Slide

Frances Katzen, founder of The Katzen Team at Douglas Elliman in New York City, discussed housing market trends on Bloomberg's "The Close" program. Contract signings in Manhattan's high-end segment increased 39% year-over-year in October, while properties priced between $3 million and $5 million rose 27%, according to Katzen. Overall housing activity has slowed during the same period.

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