The Fed has done long-term damage to the appeal of real estate as a financial asset, says the strategy chief at JPMorgan’s asset management arm. He explains how this could also tip the economy closer to recession.

Econ & Housing

Home prices have dropped, even in some of the most popular areas of the country. Justin Sullivan/ Staff/ Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The housing market has cooled off in a hurry as mortgage rates hit new highs. But home prices aren’t going…

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