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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Author: Michael Gersitz

You are here: Homepage > Articles by: Michael Gersitz

Two Southern banks complete mortgage eNote transfer

Truliant Federal Credit Union is the first Southeast financial institution to officially complete a transfer of an eNote – or an electronic promissory note – to Federal Home Loan Bank of Atlanta (FHLBank Atlanta), as part of FHLBank Atlanta’s eNote

Michael Gersitz April 6, 2021 External Articles Read more

Forbearances dip for fifth straight week to 4.9%

The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent data from the Mortgage Bankers Association. New forbearance requests also dropped to their lowest level

Michael Gersitz April 6, 2021 External Articles Read more

The appraisal gap is complicating deals across the country

The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school

Michael Gersitz April 6, 2021 External Articles Read more

Threat of climate change looms large for some home buyers

Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said

Michael Gersitz April 6, 2021 External Articles Read more

CFPB proposes foreclosure ban until 2022

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules,

Michael Gersitz April 6, 2021 External Articles Read more

Housing inventory is down 40%. Buyers are paying the price

Prices are up sharply as housing inventory continues to plateau, leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped

Michael Gersitz April 6, 2021 External Articles Read more

Why now is not the time for FHA premium cuts

In its most recent annual report to Congress, November 2020, the Federal Housing Administration (FHA) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The figure, standing at 6.1%,

Michael Gersitz April 6, 2021 External Articles Read more

Will the next job wave mean the end of forbearance?

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a

Michael Gersitz April 6, 2021 External Articles Read more

Zillow’s 2021 Mover Report: The Opportunity, Emotion and Trends Behind the Great Reshuffling

The pandemic brought changes that make people more likely to move; a rapidly evolving real estate industry is helping overcome emotional and logistical obstacles that can get in the way. Go to Source Author:

Michael Gersitz April 6, 2021 Zillow Articles Read more

Flippers and Airbnb Investors: Here’s How an S Corp Election Can Help You | Daily Podcast 173

Michael Gersitz April 6, 2021 Videos Read more

“I DON’T Want to Retire Early” with Investing Expert Barbara Friedberg | BP Money 185

Michael Gersitz April 6, 2021 Videos Read more

5 signs you’re ready to downsize your home

Should you or shouldn’t you downsize? If you’re a homeowner, this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore,

Michael Gersitz April 5, 2021 External Articles Read more

Finance of America to go public before IPO window closes

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading

Michael Gersitz April 5, 2021 External Articles Read more

Asking prices of newly listed homes reach all-time high

Home prices are sky-high, and a recent report from Redfin underlines that point with some staggering data. Median home-sale prices increased 17% year-over-year to $335,613 – a record high, per data taken from more than 400 metro areas during the

Michael Gersitz April 5, 2021 External Articles Read more

White label title insurer Proliant adds another franchise

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. The move expands Proliant further into Michigan, where it has close to a dozen franchise title

Michael Gersitz April 5, 2021 External Articles Read more

Employment gains could help housing inventory

After three months of mediocre gains, the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by

Michael Gersitz April 5, 2021 External Articles Read more

How Thinking 5 Moves Ahead Can Make You a Millionaire w/ Patrick Bet-David | BP Podcast 457

Michael Gersitz April 5, 2021 Videos Read more

10 Must-Have Features of the Best Rent Collection Apps | Daily Podcast 172

Michael Gersitz April 5, 2021 Videos Read more

How to START Investing in REAL ESTATE | Millionaire Mindset

Michael Gersitz April 4, 2021 Videos Read more

Is Foundation Damage Always a Deal-Breaker? | Daily Podcast 171

Michael Gersitz April 4, 2021 Videos Read more

Investors: Don’t Negotiate Until You Know the Home’s Condition | Daily Podcast 170

Michael Gersitz April 3, 2021 Videos Read more

Rookie Reply: Buying Sight Unseen & Financing Off-Market Deals | Rookie Podcast 66

Michael Gersitz April 3, 2021 Videos Read more

Finance Friday: Is Your FI Number Overly-Conservative? | BP Money 184

Michael Gersitz April 3, 2021 Videos Read more

Everyone needs a Bank | Millionaire Mindset

Michael Gersitz April 2, 2021 Videos Read more
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  • Michael Gersitz
  • Phone: (716)870-5786
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About Me

I am a Real Estate Agent based out of Tonawanda, licensed to buy, sell and lease real estate in New York State! Give me a call, it might be the best decision you ever make!


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