tldrdaily.news logo
Tag

Pent Up Demand

All articles tagged with #pent up demand

real-estate2 years ago

Real Estate Market Outlook 2024: Sales Surge, Mortgage Rates Fall, and Affordability Concerns

The National Association of Realtors predicts a strong rebound in US home sales in 2024, driven by falling mortgage rates. After two quiet years, the housing market is expected to experience a dramatic turnaround, with pent-up demand from buyers benefiting 10 cities. The NAR projects a 19% increase in new home sales and a 13% growth in existing property sales, leading to windfalls for realtors. The list of cities with strong pent-up demand includes areas with factors such as rising home prices, affordability for renters, potential returning buyers, job growth rate, income growth rate, and crime rate.

via Business Insider|
#housing-market-rebound#mortgage-rates#national-association-of-realtors
business2 years ago

"Strong Q3 Auto Sales Surge as Americans Defy Recession and Fuel GM's Success"

New vehicle sales in the US surged 20.6% year-over-year in Q3, reaching 4.08 million vehicles, driven by pent-up demand and recovering from inventory shortages caused by the pandemic. Legacy automakers such as General Motors and Ford reported positive sales growth, while Tesla's global sales increased by 27% in Q3. Fleet sales and retail sales both saw significant increases, with fleet sales surging over 50% in September. However, inventory shortages and strikes at legacy automakers could put pressure on prices and potentially lead to inflation.

via WOLF STREET|
#automakers#business#inventory-shortages
travel2 years ago

The Rise and Fall of Revenge Travel: What Comes Next?

New data suggests that the trend of "revenge travel" may be coming to an end, as travel intentions are flatlining or falling in several countries, particularly in Europe. Inflation and rising travel costs have caused travelers to curtail their plans, with intentions to travel dropping in France, Germany, Canada, and Russia. A report by Oxford Economics also predicts that short-haul revenge travel in the Asia-Pacific region is likely to fade, as the initial surge of pent-up demand settles down. The longer-term effects of tightening monetary policies and economic uncertainties may lead to a slowdown in travel. Chinese consumers, in particular, are losing interest in international trips due to high unemployment, negative wealth effects, and weak wage growth. While outbound travel from China is expected to continue growing, it may not be enough to compensate for the loss of travelers from other regions.

via CNBC|
#asia-pacific#europe#pent-up-demand
business2 years ago

US Auto Industry Sees Strong Q1 Sales Growth, Led by GM's Electric Vehicles.

New vehicle sales in Q1 2022 rose by 11.7% YoY, but were still down 7.6% from Q1 2019 due to supply chain issues. Inventories have been recovering but remain far below healthy levels, with some models in short supply or out of stock. Automakers have pushed prices into the absurd, with the average transaction price in the industry now nearly $46,000. There is a pent-up demand for 6 million new vehicles, which might put a damper on the hopes for a recession, as consumers with money or borrowing capacity will be desperate enough to buy a long-delayed new vehicle when supply is adequate and when the pricing games stop.

via WOLF STREET|
#business#inventory#new-vehicle-sales