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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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Portland Real Estate Market Trends & Investment Overview

The Portland housing market is sizzling hot. Despite the economic slowdown caused by the pandemic, the Portland real estate market continues to connect buyers to sellers. In October, 3155 residential properties in Portland metro area changed hands, according to the

News Bot November 18, 2020 External Articles Read more

What is a Mortgage and How Do They Work?

As a first-time homebuyer, you might be confused or even bewildered by the mortgage process and its many moving parts. Here’s what you need to know about what a mortgage is and how it works for all parties – when

News Bot November 18, 2020 External Articles Read more

Mortgage applications see slight decrease, despite purchase gain

[CORRECTION: The story has been updated to reflect that the MBA projects $3.39 trillion instead of $3.9 trillion] Mortgage applications decreased 0.3% last week, following a 0.5% drop from the beginning of November, according to a report from the Mortgage

Michael Gersitz November 18, 2020 External Articles Read more

Trump nominates Brian Brooks for head of OCC

After six months of filling the position temporarily, Brian Brooks, current acting head for the Office of the Comptroller of the Currency (OCC), announced on Tuesday that President Donald Trump intends to nominate him to serve as the 32nd Comptroller

Michael Gersitz November 17, 2020November 17, 2020 External Articles Read more

NAR’s Yun expects a brisk winter housing market

This year has been full of surprises, but the biggest might be how exceptional the housing market is performing, National Association of Realtors Chief Economist Lawrence Yun said on Tuesday. In a panel at the NAR 2020 Realtors Conference and

Michael Gersitz November 17, 2020 External Articles Read more

These are the top RON trends to watch for in 2021

In 2020, remote online notarization became one of the key technologies being discussed among mortgage professionals. So what does 2021 have in store for RON? There are many different thoughts on what 2021 could bring for the eClosing technology (and

Michael Gersitz November 17, 2020 External Articles Read more

Realogy Franchise Group promotes Susan Yannaccone to president and CEO

The largest owner of U.S. real estate brokerages and franchise brands, Realogy Holdings Corp., has announced the appointment of Susan Yannaccone as president and chief executive officer of Realogy Franchise Group, effective Nov. 30. Yannaccone joined Realogy in 2015 as

Michael Gersitz November 17, 2020 External Articles Read more

Real estate tech roundup: Shaker, zavvie and Homie

Indianapolis-based High Alpha has launched Shaker, a collaborative CRM and real estate transaction management platform. Through the platform, Shaker offers a suite of tools to streamline client communication and collaboration, including transaction management, client communication, predictive insights and a built-in

Michael Gersitz November 17, 2020 External Articles Read more

Builder confidence reaches 35-year high in November

The National Association of Home Builders and Wells Fargo Housing Market Index, measuring builder confidence, rose five points to 90 in November – the highest score the series has ever recorded since its inception 35 years ago and the third month in its history the score

Michael Gersitz November 17, 2020November 17, 2020 External Articles Read more

MBA predicts record purchase mortgage volume in 2021

The Mortgage Bankers Association on Tuesday released revised estimates for the third and fourth quarter of 2020 as well as predicting record purchase volume for 2021. Although The MBA expects decreased numbers of refinancings will lower overall origination next year

Michael Gersitz November 17, 2020 External Articles Read more

eOriginal launches hub for lenders to find RON partner

eOriginal announced the release of its new ClosingCenter 2.3, which includes a hub to connect lenders to the right remote online notarization partner. This move comes after a year of change for the title industry. RON has become the go-to

Michael Gersitz November 17, 2020 External Articles Read more

Why is the El Paso housing market so hot right now?

The Texas border town of El Paso, the state’s westernmost city with a population of less than 1 million, has experienced an enormous uptick in home purchases since March – the month that COVID-19 began shutting down businesses, forcing people

Michael Gersitz November 17, 2020 External Articles Read more

The differences between FHA, VA, and USDA mortgages

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. And the one you pick? That will determine how big a down payment you’ll need, what credit score you should

Michael Gersitz November 17, 2020 External Articles Read more

The differences between home and mortgage insurance

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Home insurance is also called homeowner’s insurance or hazard insurance. These policies cover damage to

Michael Gersitz November 17, 2020November 17, 2020 External Articles Read more

A far from normal downturn: Originations versus delinquencies

COVID-19 is a historically unique event for the mortgage industry. Typically, during a crisis or catastrophic event that impacts the housing industry, you’d see a significant downtick in mortgage originations and an uptick in delinquencies, ultimately leading to foreclosures. However, the COVID-19 pandemic

Michael Gersitz November 17, 2020 External Articles Read more

Mortgage forbearance rate falls 20 basis points to 5.47%

The U.S. forbearance rate measuring the share of mortgages with suspended payments experienced a 20 basis points improvement last week after it fell to 5.47% from 5.67% the week prior, according to the Mortgage Bankers Association. The U.S forbearance rate has now fallen

Michael Gersitz November 17, 2020 External Articles Read more

After several disturbing incidents, NAR amends Code of Ethics to include Realtors’ personal behavior

The National Association of Realtors voted on Friday in favor of a motion that makes it a violation for Realtors to use harassing or hate speech toward any of the protected classes under Article 10 of NAR’s Code of Ethics.

Michael Gersitz November 17, 2020 External Articles Read more

Nashville Real Estate Market Trends & Investment Outlook

Nashville housing market remains one of the hottest markets in the US. Despite the pandemic led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. Across the nation, we have seen people moving from

News Bot November 17, 2020 External Articles Read more

What the surge in COVID cases means for the housing market this winter

With COVID infection rates exploding and hospitalization rates rising as we go into the cold winter months, the risk this poses to our recovering housing market is a question that should be addressed. In a previous article, I identified infection

Michael Gersitz November 17, 2020 External Articles Read more

Affordable housing groups look to Biden to fulfill campaign promises

Though housing didn’t take center stage during the 2020 election season, those who work in affordable housing were keeping a close eye on the race, and are now looking expectantly at President-elect Joe Biden’s $640 billion housing plan originally proposed

Michael Gersitz November 17, 2020 External Articles Read more

Top five questions to ask a potential real estate agent

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you

Michael Gersitz November 14, 2020 External Articles Read more

If consumers aren’t holding lenders back, then who or what is?

Think back on all the major financial decisions you’ve made since entering adulthood. Perhaps your list starts with renting your first apartment or buying your first car. Later, you may have taken out a personal or small business loan. Eventually,

Michael Gersitz November 14, 2020 External Articles Read more

Housing Tech Rundown: Qualia, First American Docutech and Sagent

Real-estate closing platform Qualia announced the launch of its Physical Document Service on Thursday that will allow mortgage lenders to automate the management of paper trailing documents from title partners through the Qualia platform. The company announced the news during

Michael Gersitz November 14, 2020 External Articles Read more

Drone mapping in the real estate industry

Seth Thompson, premier land professional Year to year, the evolution of computer technology can be staggering. In most cases, the advancements cause disruption— and opportunity—in every industry. In real estate, one such disruption is caused by drones, which have become

Michael Gersitz November 14, 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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