The ‘haunted’ housing market’s real problem may be too few people, not too few homes, says J.P. Morgan’s David Kelly

“The housing market is haunted,” according to David Kelly, the chief global strategist at J.P. Morgan Asset Management. He lists the ghosts in his widely read Oct. 26 research note: more than a decade of too-easy money, tariffs, and immigration policies that raise the cost of building homes while limiting the number of people who need them, and a Fed whose rate swings hit housing harder than almost anything else. The one that should get the most attention is the people who aren’t showing up. Kelly said he expects U.S.

Source: Fortune Crypto