The chapter explores the unexpected surge in real estate transactions despite the typical slow period, with buyers opting for cash deals over mortgages. It delves into the advantages cash offers provide to sellers in negotiation and the appeal of cleaner and more efficient transactions. Additionally, it discusses the impact of high rental prices, rising interest rates, and buyers' hesitancy on the New York real estate market, along with trends in private jet ownership and business aviation industry dynamics.
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
Hosted by Carol Massar and Tim Stenovec
Hear the show live at 2PM ET on WBBR 1130 AM New York, Bloomberg 106.1 FM Boston, Bloomberg 960 AM San Francisco, WDCH 99.1 FM in Washington D.C. Metro, Sirius/XM channel 121, on the Bloomberg Business App, Radio.com, the iHeartRadio app and at Bloomberg.com/audio.
You can also watch Bloomberg Businessweek on YouTube - just search for Bloomberg Global News
.
Like us at Bloomberg Radio on Facebook and follow us on Twitter @carolmassar @timsteno and @BW
See omnystudio.com/listener for privacy information.