Millennials have poured over $500 billion into the housing market over the past year...but what caused this boom? Ed Groshans, Senior Financial Services Analyst at Height Securities joins Your Future Home to discuss where the trend is going and what benefits it's creating along the way.
Groshans says the new tax plan and decreasing unemployment numbers are putting more money into the pockets of young adults. Plus, because millennials are getting married and having kids later in life they are more financially savvy and have saved for a mortgage, home repairs, etc.
He also talks about getting into the housing market while the interest rates are down. He predicts we'll see an upswing in rates over the next few years so it would be smart to get in now.
The SAG-AFTRA National Board over the weekend voted unanimously to express solidarity with the Writers Guild of America and its plans to go on strike amid ongoing negotiations with studios and streamers.
Lila Snyder, CEO of Bose, joins Cheddar News anchor Hena Doba to discuss her journey to the top of the corporate world, the business of selling top of the line speakers, and how new technologies such as machine learning are shaking up the industry.
Stocks drifted ahead of reports that could offer clues on questions that have kept Wall Street at a standstill, including on where the economy and corporate profits are heading.
Aidan McClean, co-founder and CEO of UFODRIVE, joined Cheddar News to discuss how his company plans to shake up the car rental market with a digital experience. "There are no lines, there are no paperwork, there is no key collection ... no pushy insurance or pushy fuel options," he said. "You simply arrive for your electric car, use your smartphone and drive away."
Nearly half of Americans report having to side hustle to make ends meet, according to a survey from LendingTree. Jane Oates, president of WorkingNation, joined Cheddar News to discuss the state of play as families are having a difficult time with inflation and high-interest rates.
