Homes: Who's buying and why? (Video)

Homes: Who's buying and why? (Video)

Written by Michael Haltman Posted On Thursday, 20 March 2014 05:45

From the Hallmark Abstract Service, New York website

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And, in addition, who isn’t buying and what are some of the reasons for them staying out of the market?

Is an issue preventing the purchase of real estate an inability to save for a down payment or possibly qualify for a mortgage? Is it the other debt on the books of potential homebuyers such as student loans and credit cards (Household Debt Chart: How much do Americans owe?) that’s getting in the way?

Does the hesitation to ‘pull the trigger’ stem from a rent vs. buy analysis that they’ve done or possibly because they believe that this is not a good time to enter the market because prices will be lower in the future?

Do generational factors come into play in determining who is in the market for real estate?

Do the different age groups (Generations X and Y, Younger Boomers, Older Boomers and the Silent Generation) look for different things in the real estate professional that they ultimately choose to work with (Why you need to use a real estate agent, Part 2! (Infographic))?

This short video from the National Association of Realtors (NAR) discusses the annual report that they compile which examines whether any generational trends in the home purchase and home selling process may exist.

Watch the video at Hallmark Abstract Service here.

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Michael Haltman

Hallmark Abstract Service provides title insurance for both residential and commercial real estate transactions in New York State.

Hallmark Abstract President Michael Haltman is also extremely involved with the combat veterans 501(c)(3) Heroes To Heroes Foundation, serving as the Board Chair.

Hallmark Abstract Service

In 2008 we opened our doors focused on two primary goals:

Number one was to be a title insurance company that would provide clients with a superior finished product that completely protects their interests for what will likely be one of the largest transactions of their lifetime.

Number two was to insure that the experience of working with Hallmark Abstract Service was as easy and seamless as possible for all parties involved in the transaction!

From the number of satisfied clients who come back to Hallmark Abstract Service time after time for their title insurance needs, the evidence bears out that we have accomplished these two goals in the past and will maintain our client centric focus far into the future!

Michael Haltman

Post 1984 MBA in Finance from the State University of New York at Albany that concentrated on the tax-exempt market, Michael became a municipal bond analyst at Shearson/Lehman Brothers tasked with following general obligation issuers on the city and state level as well as housing bonds secured by mortgage pools.

This experience at Shearson/Lehman Brothers followed by stints at PaineWebber and Citigroup provided a broad framework and understanding of the real estate and mortgage markets.

As CEO of Exeter Commercial which underwrote and funded commercial mortgage loans as a correspondent lender, title insurance played a critical role in both the underwriting and closing process.

In 2008 recognizing both an opportunity and need, Hallmark Abstract Service was born.

www.hallmarkabstractllc.com

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