How come we always hear about pent up demand but we never hear about pent down demand?
Click to enlarge.
I've added an exponential trend line in red.
Source Data:
St. Louis Fed: Light Weight Vehicle Sales: Autos & Light Trucks
St. Louis Fed: Vehicle Miles Traveled
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
4 hours ago
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