JPMorgan Makes a $750B Bet on the Housing Market

James: Today we’re comparing notes on headlines catching our attention and what it could mean for investors. I’m James Dainard, filling in for Dave today, joined by my good friends, Kathy Fettke and Henry Washington. So let’s just jump right in. Henry, what do you got today? Henry: Well, I picked a story that was very near and dear to my heart, top of mind, something I am always thinking about. The headline is the market may have already peaked for 2026 and the summer isn’t even over yet. This is an article found on usnews.com, and it’s talking about what’s happening in the real estate market in terms of sales. So the article goes on to talk about that existing home sales fell 1.7% in July to a seasonally adjusted annual rate of 4.06 million. Even as the median home prices have climbed to a record for the month, the national median existing home price rose 2% year over year. That’s up to $434,000 in July, making that the 37th consecutive month of annual price gains. So housing prices have gone up and the market seems to have already peaked in terms of sales price. And now that we haven’t finished summer yet, but we’re moving into what would normally be a winter slowdown anyway, cou...