Understanding Price and Value

“Prices are not levers that set value.  (Prices) are metrics that respond to value”.- Anthony Davies. Duquesne University

I was in a meeting last week when I got an update on the mortgage rates and the latest round of government directed incentives to get the home market moving.

Mortgage loan rates are historically low and this is fact.  Home prices, in many areas, continue to fall.

So, why aren’t homes selling?

Read our quote above and think about the missing piece.

Advertisements

About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s