What homebuyers look for in the high-end market

The latest figures point to a slowdown in the housing market, mainly because of rising interest rates and home prices that are still too high for many people. But the luxury market is still showing signs of strength. One of New York City's top real estate brokers, Lisa Simonsen of Douglas Elliman, sits down with Yahoo Finance's Alexis Christoforous to discuss the state of the real estate market and why luxury sales are alive and well.

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