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.
Stocks fall for a second day on Wall Street due to weak job data and recession fears. The VIX surges over 60, showing high anxiety and a potential rebound.
A new CEO takes over the embattled planemaker. Plus: Elon picks a fight, the Fed might finally cut rates and Microsoft makes a lot of money but not enough.
