AI Summary
5 min readJP Morgan Chase is deploying $750 billion into the housing market through 2035, a 40% increase over the last decade. The same week that announcement landed, existing home sales fell to an annual rate of 4.06 million in July, median prices hit a record $434,000, and the latest CPI report showed inflation slowing to 3.4% with core inflation at its lowest post-pandemic reading of 2.5%. On the surface these signals contradict each other. Beneath them, they tell a coherent story about where the market is and what serious investors should be paying attention to.
The Market Has Peaked for 2026—But Not Everywhere
Existing home sales dropped 1.7% in July, even as prices climbed for the 37th consecutive month. First-time homebuyer purchases are down, but luxury home sales are up. The hosts see this as an affordability story, not a collapse. "This is just flat," James Dainard said. "It's not like it's 2008 or 2009."
The flattening shows up unevenly at the micro level. In North Seattle, a $1.5 million house on a good street sells in the first weekend. At $1.7 million, days on market stretch to 100. In Henry Washington's market, unrenovated but clean homes sell faster than fully flipped properties because buyers need a lower entry price. "People are much more willing to buy an unflipped home where they can put their own touch on it," he said.
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What you'll learn
- 1 (00:00) **Episode Introduction** - Henry Washington introduces a replay from the "On the Market" podcast covering JPMorgan's $750B housing bet, market peak predictions, and inflation data.
- 2 (00:48) **Market May Have Peaked for 2026** - Henry shares data showing existing home sales fell 1.7% in July while median prices hit a record $434,000.
- 3 (03:23) **Velocity Varies by Price Point and Zip Code** - James Dainard explains that market velocity is hyper-local, with specific price points moving while others stagnate.
- 4 (04:55) **Flippers Can't Predict What Sells** - Both Henry and James admit they struggle to predict which properties will sell quickly.
- 5 (06:43) **Affordability Shifts Buyer Preferences** - Henry notes that unrenovated but livable homes now sell faster than fully flipped homes in his market.
- 6 (10:10) **Reduce Holding Costs and Look for Distress** - James advises cutting monthly debt on all projects, whether flips or new construction.
- 7 (13:43) **JPMorgan's $750B Housing Bet** - Kathy Fettke introduces the major story: JPMorgan Chase is deploying $750 billion into housing through 2035.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
JPMorgan Chase, America’s largest bank, just made a big bet on housing—a $750B bet to be exact. At a time when most people hope home prices will fall, JPMorgan is gearing up to lend and invest in a huge way. Could this be a sign that those who buy now will be thanking themselves in the years to come? We’re getting into the details in today’s show.
On the Market is here with a housing market update! First, we’re touching on whether or not the market has already peaked in 2026. We still have four full months left in the year, but with home sales falling in July, it could signal that the hot summer is starting to cool. But a surprising type of home is still selling fast—it’s not the newly renovated house flip—it’s the ugly, outdated home next door. Why? We’re explaining in this episode.
JPMorgan Chase makes a $750B bet on housing, signaling that America’s largest bank is bullish on a certain type of real estate. Finally, the latest inflation rate update—the CPI (consumer price index) stayed in check last month, but is it enough to stop the Federal Reserve from raising rates?
In This Episode We Cover
Inside JPMorgan Chase’s $750B investment into affordable housing
The latest inflation rate update and what it could mean for your interest rate
Why buyers don’t want your renovated home (they want the ugly one next door)
A new 2026 home sale prediction and whether or not prices are still rising
Two types of homes that are selling fast in 2026 (and why yours might not be)
And So Much More!
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