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.
Andrew Challenger, senior vice president at executive outplacement service Challenger, Gray & Christmas, Inc., joined Cheddar News to discuss the potential changes to work culture in 2023.
Stocks ended higher on Wall Street as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation.
Bobbi Rebell, certified financial planner and personal finance expert at Tally, joined Cheddar News to discuss how to prepare for a possible recession.
