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.
At least 31 percent of shoppers said they would be shopping on Black Friday in 2021 compared to 24 percent in 2020, according to a survey by professional services company Deloitte. Jenna Pogorzelski, Deloitte retail leader, joined Cheddar to break down the numbers and discuss the optimism expressed by the survey results despite ongoing retail hurdles such as the pandemic, inflation, and supply chain constraints. "We have updated data that consumers are a little less concerned than last year heading into stores," she said.
Supply and shipping challenges are creating concerns for retailers this holiday season, but Cheddar's Michelle Castillo found shoppers spending anyway this Black Friday. She reports from the American Dream mall in East Rutherford, N.J.
Amber McMillan, vice president of weight loss and digital fitness at Life Time, joins Cheddar News to discuss how post-pandemic gym visits can improve mental wellness.
The biggest shopping day of the year is approaching - Black Friday - and the following week is known as Cyber Week, the biggest time of the year for online shopping. But for many companies and consumers, the holiday shopping season is already underway. Retailers have been getting creative in their attempts to lure customers amid ongoing supply chain issues, inflation, and the pandemic that could impact sales. Lionesque Group CEO and founder Melissa Gonzalez joins Cheddar News' Closing Bell to discuss.
