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Want more housing market stories from Lance Lamberts ResiClub in your inbox? Subscribe to the ResiClub newsletter. Like clockwork, every year, the U.S. housing market experiences a seasonal swing. It happens in both good years and bad. And while the seasonal trend may vary slightly by market (for example, snowbird markets), it remains fairly consistent across most housing markets. Here are three core components of the U.S. housing markets seasonal effectand what it means for buyers and sellers. 1. Existing home sales begin to rise heading into spring Seasonally speaking, U.S. existing home sales typically bottom out in January, then begin to rise month-over-month until peaking around June. Thats true even in an affordability constrained housing market, such as the current market. This trend is partly driven by families with children who prefer to buy in the spring so they can move and settle in before the next school year begins. Another factor is that some buyers wait for their tax refunds in early spring, using them to help with down payments and closing costs. In Northern and Mountain West markets, the rise in sales is also boosted by the fact that people waited for warmer weather before moving. Additionally, many home sellers are aware of the seasonal trend and choose to list their homes in spring to attract the largest pool of buyers, which boosts inventory, increases choices, and drives up transaction volume. (More on that below.) 2. New listings rise in the spring Knowing that many homebuyers begin their home searches in early spring, its also when many existing home sellers enter the market. On a seasonal level, new U.S. house listings typically bottom out in December, then begin to rise month-over-month until peaking around May. The annual upswing for new U.S. listings usually begins one month before the annual upswing in U.S. existing home sales. 3. U.S. home prices see the most upward pressure in the spring U.S. home prices experience the most upward seasonal pressure between March and July and the most downward pressure between September and January. As shown in the chart above, even during the home price crash from late 2006 to early 2012, U.S. home prices remained fairly steady during the spring monthsonly to resume plunging later in the year once the housing market moved into the seasonally soft fall window. In appreciating housing markets (like most of the Midwest and Northeast right now), homebuyers typically face higher prices if they wait later into the spring season. In contrast, in correcting housing markets (like pockets of Southwest Florida right now), buyers are often rewarded for waiting until the seasonal slowdown later in the year (when prices dip further) to make their purchase.
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Tesla’s sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war. Tesla, which makes its Model 3 and Model Y vehicles in China, sold 93,926 Chinese-made vehicles worldwide in the first two months, down 28.7% year-on-year, according to data from the China Passenger Car Association (CPCA). January-February sales were distorted by the Lunar New Year holiday shifting from February last year to late January this year and due to a partial suspension of Model Y production for upgrade work. Still, Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, recorded a 90.4% increase in passenger vehicle sales to 614,679 units last month. BYD deepened a three-year-old price war in the world’s largest auto market last month with the launch of smart EVsEVs equipped with advanced driving-assistance systemsstarting at below $10,000. That prompted peers including Leapmotor and Geely to follow suit with affordable smart EV rollouts. Both Tesla models made in China are smart EVs. Tesla also exports its China-made EVs to markets including Europe, where sales plunged 45% in January. To increase the appeal of its aging models, Tesla made a long-awaited update to its autopilot software in China to enable city navigation in late February. It also kicked off deliveries of the revamped Model Y in its second-largest market. Model Y was the best-selling car in China itself in 2023 and 2024, although Chinese rivals have launched at least six models in the past year to take on Model Y. Tesla still benefits from a brand halo in China but analysts have said Xiaomi’s YU7 crossover to be launched later this year would be the strongest rival. Sales of the Onvo L60, which Nio launched in April to compete with Model Y and Toyota’s RAV4, fell to 4,049 units in February. Nio Chief Executive William Li expects the model will reach monthly deliveries of 20,000 units in March, which he is counting on to improve Nio’s profitability. Qiaoyi Li, Zhang Yan and Brenda Goh, Reuters
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E-Commerce
If you have any vegetable products in your kitchen, youll want to be aware of the latest recall posted on the website of the U.S. Food and Drug Administration (FDA). The recall involves numerous vegetable products and fears that they could be a breeding ground for Clostridium botulinum bacterium, which can produce the deadly botulinum toxin. Heres what you need to know. Whats happened? On March 3, the FDA posted the notice of a voluntary recall from AKT Trading Inc. of Torrance, California. The recall was initiated after the company discovered that some of the prepared vegetable products manufactured by Choshiya Honten Co., Ltd had the potential to harbor the Clostridium botulinum bacterium. That bacterium can produce a toxin called botulinum, which can lead to a botulism infection in a person who consumes it. The reason the recalled products have the potential to harbor the potentially deadly bacterium is because the required “Keep Refrigerated” statement was left off the packaging. If the vegetables are not refrigerated, it could enable the bacterium to grow. Which products are affected? According to the FDA notice, the following products with the brand name Japanese Pickles, packaged in 1 lb plastic bags, are included in the recall: SHIBA ZUKE PREPARED MIX VEGETABLES, JAN CODE (UPC): 4582207535128, Expiration date: 8/27/2025 AOKAPPA ZUKE PREPARED MIX VEGETABLES, JAN CODE (UPC): 4582207535135, Expiration Date: 5/14/2025 FUKUSHIN ZUKE PREPARED MIX VEGETABLES, JAN CODE (UPC): 4582207535142, Expiration date: 7/9/2025, 5/31/2025 SOFT TSUBOZUKE PREPARED MIX VEGETABLES, JAN CODE (UPC): 4582207535159, Expiration Date: 7/29/2025 RAKKYO ZUKE PREPARED VEGETABLES, JAN CODE (UPC): 4983673526021, Expiration Date: 8/1/2025, 7/1/2025 Additionally, the following product is also included in the recall: Brand name: CHOSHIYA Product name: ABURA-ITAME ZHASAI PREPARED SICHUAN VEGETABLE Container: 8.8oz. plastic bag JAN CODE (UPC): 4983673527325 Expiration date: 4/3/2025, 2/25/2025 The products were distributed at Tokyo Central / Marukai stores in California. The full details of the recalled products can be found here. This recall follows an earlier recall of prepared bamboo shoots. The details of that earlier recall can be found here. What is botulism? According to the U.S. Centers for Disease Control and Prevention (CDC), botulism is a rare but serious disease. The condition is caused by a toxin produced by Clostridium botulinum and other related bacteria. There are five types of botulism, including foodborne botulism, and all are medical emergencies. Botulism occurs when the toxin attacks the bodys nerves. This can lead to a number of issues, including muscle paralysis and difficulty breathing. It can even cause death. The CDC says that any form of botulism is a medical emergency that necessitates an immediate visit to your doctor or emergency room. What are the symptoms of botulism? Symptoms can vary depending on what type of botulism a person has. The CDC says symptoms related to all forms of botulism may include: Difficulty swallowing Muscle weakness Double vision Drooping eyelids Blurry vision Slurred speech Difficulty breathing Difficulty moving the eyes Foodborne botulism symptoms may also include: Vomiting Nausea Stomach pain Diarrhea And symptoms of botulism in an infant may also include: Constipation Poor feeding Drooping eyelids Pupils that are slow to react to light Face showing less expression than usual Weak cry that sounds different than usual What do I do if I have the recalled products? Do not consume them. Instead, the recalled products should be discarded or returned to their place of purchase for a refund. Full details of the recall can be found here. Consumers who have more questions can contact AKT Trading Inc. at 310-715-2174 or email the company at info@aktusa.com.
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E-Commerce
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