Power Broker Frances Katzen on Pending Home Sales Slide
Frances Katzen, a top broker at Douglas Elliman, highlights a K-shaped housing market where overall activity has slowed but luxury Manhattan real estate is thriving. The high-end segment shows remarkable growth with contract signings up 39% year-over-year in October, particularly in the $3-5 million price range which surged 27%. This divergence reveals a bifurcated market where affluent buyers continue strong purchasing activity while broader housing market momentum decelerates.
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Power Broker Frances Katzen on Pending Home Sales Slide
Frances Katzen, a top broker at Douglas Elliman, highlights a K-shaped housing market where overall activity has slowed but luxury Manhattan real estate is thriving. The high-end segment shows remarkable growth with contract signings up 39% year-over-year in October, particularly in the $3-5 million price range which surged 27%. This divergence reveals a bifurcated market where affluent buyers continue strong purchasing activity while broader housing market momentum decelerates.
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