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.
This photo provided by the U.S. Air Force shows a Navy F/A-18 Super Hornet in flight, July 17, 2019, after refueling over the Pacific Ocean near the coast of Brisbane, Australia. Boeing announced Thursday, Feb. 23, 2023, that it expects to end production of the F/A-18 Super Hornet fighter jet in late 2025 after a final delivery to the U.S. Navy. (Senior Airman Elora J. Martinez/U.S. Air Force via AP, File)
The Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
Plant-based, non-dairy milk producers scored a win when the Food and Drug Administration issued guidance stating products like almond, oat, and soy options can be called milk.
Most Americans are worried about their finances, according to a survey. Kimberly Palmer, personal finance expert at NerdWallet, joined Cheddar News to help put Americans at ease about their spending.
