All articles tagged with #limited supply
Microsoft has revealed an official SpongeBob SquarePants special edition of the Xbox Series X, tied to the promotion of Nickelodeon All-Star Brawl 2, available exclusively in the US for $699 at Best Buy with a "limited supply" going on sale on March 7th. The special edition console features a SpongeBob-themed design and comes with a controller featuring Squidward, Gary, and Mr. Krabs, along with a copy of the game.
The US housing market has surged in value by $2.4 trillion over the past year, reaching a total value of $47.5 trillion, with a significant decrease in available listings. Cities in the Northeast and Midwest have seen the largest price increases, while urban areas and suburbs have also experienced notable boosts. In Seattle, the housing market is now valued at over $911 billion, up 4.6% from last year, and Tacoma has seen a 5.6% increase. Despite potential future interest rate cuts, homebuyers continue to face limited options and high prices.
Tesla CEO Elon Musk may adopt a strategy similar to Ferrari by initially limiting the supply of the Cybertruck to create scarcity value and maintain high prices. Wall Street analysts predict limited supply in 2024 and 2025, with estimates ranging from 108,000 to 230,000 Cybertrucks sold during that period. Despite over 1 million reservations, concerns about manufacturing challenges and the divisive design may impact demand. By following a limited series production approach, Tesla could focus on more profitable products while managing uncertainty and potentially driving up demand for the Cybertruck.
With RSV medication in limited supply, parents are advised to take preventative measures to protect their families during the holiday season. The RSV vaccine is only approved for pregnant women and older individuals, but there are other options such as the monoclonal antibody nirsevimab for babies under 8 months. However, these medications may be difficult to obtain due to limited availability and cost. Cincinnati Children's Hospital recommends basic preventive measures like cleaning surfaces, wearing masks in crowded areas, staying home when sick, and asking others to do the same. While vaccines take time to be effective, nirsevimab can provide immediate protection.
Public health experts are warning that the rising rates of respiratory syncytial virus (RSV) in the Southern U.S. could be a sign of a potential increase in cases in Southern California. Hospitals in Texas are already experiencing a surge in RSV cases, with one hospital reporting a patient checking in every 3 minutes. RSV, which primarily affects young children, can be deadly. A monoclonal antibody treatment called nirsevimab is available for infants but is in limited supply. Public health officials in Los Angeles County are urging parents to talk to their healthcare providers about vaccination or treatment options for their infants, particularly those at higher risk. Additionally, new RSV vaccines are available for older adults and pregnant women.
Maine's Area Agencies on Aging are launching immunization clinics and a promotional effort to reach older adults and individuals with disabilities, as supplies of new COVID-19 vaccines remain limited across the country. The AgeWise Maine initiative aims to administer 8,000 immunization shots, including influenza, COVID-19, and RSV vaccinations. The program, funded by a $733,000 grant, will provide a searchable database of upcoming immunization clinics and educational programming to promote the importance of staying up-to-date on immunizations. Vaccine availability in Maine and nationwide is expected to increase as distribution ramps up, with most people advised to aim for vaccination before Thanksgiving and the December holidays.
The share of million-dollar homes in the US is on the rise, with 8.2% of houses now worth seven figures. In some cities, such as San Jose and San Francisco, the percentage of million-dollar homes is even higher than properties under that mark. This trend highlights the lack of affordable options for homebuyers, as limited supply and high prices push many middle-class buyers into the million-dollar range. The situation is particularly challenging in cities like San Diego, where only a small percentage of homes listed are priced at $1 million or below. The increasing prevalence of million-dollar homes is creating a vicious cycle, as owners of these properties become cash buyers for their next homes, further exacerbating affordability issues.
Sales of new U.S. homes declined by 2.5% in June, the first drop in four months, as high mortgage rates and limited supply continue to deter potential buyers. Despite the decline, sales remain up 23.8% from a year ago. The lack of inventory has also weighed on existing home sales, which fell 3.3% in June compared to the previous month. The median price for a new home fell to $415,400, but it is still higher than pre-pandemic levels. The Federal Reserve's interest rate hikes have contributed to the rise in mortgage rates, making it more difficult for buyers to enter the market.