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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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External Articles

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How the latest stimulus impacts renters and homeowners

A second round of stimulus checks will be sent directly to citizens beginning next week, according to Treasury Secretary Steven Mnuchin. The $900 billion stimulus package negotiated by Congress over the weekend will include $600 individual stimulus checks for those making under

Michael Gersitz December 22, 2020 External Articles Read more

ALTA shakes up leadership team with staff promotions

Headed into 2021, the American Land Title Association announced the promotion of six of its staff members to new leadership positions. “I am incredibly proud of this team and thrilled to have the opportunity to work with such a talented

Michael Gersitz December 22, 2020 External Articles Read more

Real Estate Mortgage Notes: Investing For Higher Returns in 2021

Mortgage note investing is one of the best real estate investment opportunities available but it is rarely discussed. In this article, we shall discuss the various types of mortgage notes and how to invest in them. Real estate or mortgage

News Bot December 22, 2020 External Articles Read more

Thoma Bravo acquires RealPage for $10.2 billion

Private equity investment firm Thoma Bravo will acquire proptech company RealPage in a transaction valued at approximately $10.2 billion, including net debt, according to a release. The transaction, which was unanimously approved by the RealPage board of directors, is expected

Michael Gersitz December 22, 2020 External Articles Read more

How To Find Investment Properties For Sale?

Most newbie investors are perplexed with the question of how to find investment properties for sale? This page will focus on how to find a profitable real estate investment property. A good investment property often has very different characteristics than

News Bot December 20, 2020 External Articles Read more

How To Make Money In Real Estate And Get Rich In 2021?

There is no short cut to make money or to get rich quickly, but you can slowly and steadily build wealth by investing in real estate. There are many different ways to get rich but one of the most popular

News Bot December 19, 2020 External Articles Read more

Long term recession impacts on affordable housing

The economic hardships wrought by the coronavirus pandemic will be long-term, and millions of renters and homeowners alike could take a serious hit in the upcoming months, affordable housing experts said on a recent webinar hosted by Freddie Mac. Despite

Michael Gersitz December 18, 2020 External Articles Read more

UWM’s IPO is now scheduled for January

United Wholesale Mortgage’s (UWM) much-anticipated Wall Street debut is expected to take place on Jan. 22, 2021, the company told HousingWire late Thursday. UWM, the nation’s second-largest mortgage originator by volume, is going public through a merger with a publicly-traded

Michael Gersitz December 18, 2020 External Articles Read more

Tech money is magnifying Austin’s affordability crisis

With a number of tech companies relocating to or expanding their footprint in Austin, Texas, current residents and local first-time homebuyers are getting squeezed by rising home prices. And it’s a trend that is only going to get worse, as

Michael Gersitz December 18, 2020 External Articles Read more

Structured Finance Association backs transition to SOFR

With LIBOR slated to be phased out at the end of 2021, industry trade group Structured Finance Association sent a letter this week to New York Gov. Andrew Cuomo and the state’s legislative leaders asking them to support Secured Overnight

Michael Gersitz December 18, 2020 External Articles Read more

1031 Exchange Rules: How To Do A 1031 Exchange In 2021?

Taxes rarely make for exciting reading material, but if you own an investment property, there’s at least one set of IRS regulations you absolutely will want to understand: 1031 exchange rules. Why? Because normally when you sell an investment property

News Bot December 18, 2020 External Articles Read more

Can you buy a home with plans to rent on Airbnb?

Renting your home out on Airbnb can be a smart way to make some extra cash. In fact, it might even make homeownership more affordable. According to a study from Earnest, the average Airbnb host makes about $924 per month.

Michael Gersitz December 18, 2020 External Articles Read more

The shifting role of the notary in mortgage title

Remote online notarization is spreading like wildfire across the U.S. as COVID-19 and stay-at-home orders forced many companies and mortgage notaries to look for alternative methods to continue operating amid the socially distanced environment in 2020. But what is in

Michael Gersitz December 18, 2020 External Articles Read more

The next coronavirus front: evictions and foreclosures

The coronavirus is raging. Eleven million workers are unemployed. And at the end of this month — absent immediate and urgent action by Congress and the administration — millions of American families will be put into eviction and foreclosure proceedings

Michael Gersitz December 17, 2020 External Articles Read more

FHFA proposes liquidity requirements for GSEs

The Federal Housing Finance Agency is looking to finalize a rule that would require Fannie Mae and Freddie Mac to hold higher levels of liquidity to protect against any sudden shortfalls, creating a further $10 billion cushion for the publicly

Michael Gersitz December 17, 2020 External Articles Read more

Mortgage rates hit another record low at 2.67%

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set

Michael Gersitz December 17, 2020 External Articles Read more

Richmond VA Real Estate Market & Investment Overview

Housing data collected by the Richmond Association of REALTORS® through Central Virginia Regional MLS. Housing Forecast is an estimate based on data from multiple sources. While it is deemed reliable, it is not guaranteed. Buying real estate in Richmond, VA

News Bot December 17, 2020 External Articles Read more

2021 housing market outlook: No signs of slowing

2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full

Michael Gersitz December 17, 2020 External Articles Read more

Single-family housing starts reach highest level since 2007

Single-family housing starts continued their seven-month climb in November, coming in to the highest level since 2007, according to the Census Bureau. Housing starts rose 1.2% in November compared to October and are up 12.8% year over year to a

Michael Gersitz December 17, 2020 External Articles Read more

Paint colors that add value to your home

It’s common knowledge that a fresh coat of paint is one of the easiest ways to help your home sell. However, the right colors are crucial. Research shows that certain paint colors in certain rooms of the home can raise

Michael Gersitz December 17, 2020 External Articles Read more

Keller Williams-owned app Smarter Agent to shut down

Keller Williams-owned Smarter Agent, a Philadelphia-based startup that allows agents to create their own branded apps, will be shutting down its dedicated app. Inman News first reported that Smarter Agent would be shutting down. Keller Williams declined to provide HousingWire

Michael Gersitz December 17, 2020 External Articles Read more

Three brokers go to war with United Wholesale Mortgage

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure

Michael Gersitz December 16, 2020 External Articles Read more

2021 will be the year of the tech-enabled agent

2020 was a year that forced a number of industries to modernize and adopt technologies that had been otherwise underutilized. For the housing economy in particular, tech helped to solve many of the challenges that COVID presented and allowed the

Michael Gersitz December 16, 2020 External Articles Read more

FHFA extends GSEs’ affordable housing goals through 2021

The Federal Housing Finance Agency (FHFA) announced on Wednesday that its single-family and multifamily affordable housing goals for Fannie Mae and Freddie Mac will remain unchanged from those set in 2018-2020. However, unlike previous goals set for a three-year period, the FHFA announced the benchmarks

Michael Gersitz December 16, 2020 External Articles Read more
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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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