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.
Chamber of Progress CEO Adam Kovacevich joined Wake Up With Cheddar to break down what to expect from the cryptocurrency executives appearing on Capitol Hill and how it could impact future crypto regulation. "I think what most people want to see from regulation is essentially channeling the good and the potential and putting in place guardrails to minimize the bad," he said.
Michael Steinhardt, 81, has surrendered 180 stolen artifacts from 11 different countries worth $70 million. The former hedge fund manager has also received a lifetime ban from the antiquities market.
Kellogg will go forward with plans to permanently replace 1,400 union workers who have been on strike since October over pay and benefits disputes. The move comes after the union representing the striking staff declined the latest contract proposal.
Christina Trampota, Managing Director, Innovate Grow Scale, joins Cheddar News to discuss the growth potential for small businesses and how businesses must adjust to stay ahead of the curve.
