Tredway: Housing Affordability Crisis Here to Stay

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JP Morgan Asset Management's Chad Tredway predicts a prolonged housing affordability crisis, with the average first-time homebuyer now aged 40, and notes a shift in migration patterns towards the South and West US states.

Market Impact

Market impact analysis based on bearish sentiment with 76% confidence.

Sentiment
Bearish
AI Confidence
76%

Article Context

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Chad Tredway, JP Morgan Asset Management Global Head of Real Estate, says the affordability crisis is here to stay, adding that the average first-time homebuyer is now 40 years old. He tells Romaine Bostick and Katie Greifeld on “The Close” that the firm is seeing people move toward the South and West, including Texas, the Carolinas, and Florida. (Source: Bloomberg)

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Original article published by Bloomberg on December 17, 2025.
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