Power Broker Frances Katzen on Pending Home Sales Slide

Frances Katzen, founder of The Katzen Team and a top broker at Douglas Elliman in New York City, discussed the current dynamics of the housing market, highlighting a pronounced K-shaped trend. While overall housing activity has slowed, the high-end segment in Manhattan is experiencing significant growth, with contract signings up 39% year-over-year in October and properties priced between $3 million and $5 million up 27%. She speaks with Scarlet Fu & Isabelle Lee on "The Close." (Source: Bloomberg)