The chapter delves into the current trends in luxury home prices in select Asian cities versus established markets like New York and London, with insights from a real estate broker. The discussion covers changes in market conditions, interest rates, and property transactions, highlighting the impact of COVID on decision-making. Additionally, it explores the reasons behind the prevalence of cash deals over financing in real estate transactions, emphasizing negotiation power and transaction speed.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Economics Editor Molly Smith, Bloomberg News Economics Reporter Steve Matthews and Steven Skancke, Chief Economic Advisor at Keel Point all join for a roundtable to preview both the Federal Reserve's meeting tomorrow and rate decision, plus the latest inflation data. Bloomberg News Chief Technology Correspondent Mark Gurman discusses why traders sent Apple shares higher one day after unveiling its new AI plan to a muted response. Jim Gold, CEO of Steward Partners shares his insight on the Fed's fight against inflation and the impact its had on mergers and acquisitions. Louise Phillips Forbes, Real Estate Broker at Brown Harris Stevens provides a check in on the luxury real estate industry. And we Drive to the Close with Larry Pitkowsky, Managing Partner at Goodhaven Capital Management.
Hosts: Carol Massar and Tim Stenovec
Producer: Paul Brennan, with assistance from Justin Milliner
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