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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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Goldman Sachs says Democratic sweep would boost U.S. economy

On Monday morning, when President Donald Trump was a COVID-19 patient admitted to Walter Reed National Military Medical Center, he tweeted in all-caps that Democratic wins in the Nov. 3 election would “SHUT OUR ECONOMY AND JOBS DOWN.” A few

Michael Gersitz October 7, 2020 External Articles Read more

Is the housing market on a sugar high?

V#&WUA – no, I’m not beeping something out. These days, it seems those symbols are all the economic recovery scenarios that are possible as the U.S. looks to recover from the pandemic that has gripped our nation in 2020. For

Michael Gersitz October 7, 2020 External Articles Read more

Workplace strategist Jeff Butler to deliver keynote address at HousingWire Annual

As mortgage lenders continue to register record volume in 2020, top talent is in peak demand and companies are having to shift the way they view human capital in order to stay competitive. That’s why we’ve invited workplace strategist Jeff

Michael Gersitz October 7, 2020 External Articles Read more

In today’s hot housing market, how are real estate agents staying competitive?

Are you running your real estate practice like a business? Or is being a real estate agent just a side hustle for you – something you do in your spare time? According to the U.S. Small Business Administration, only half

Michael Gersitz October 7, 2020 External Articles Read more

Mortgage applications rise 4.6%

After faltering 4.8% the week prior, mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. The refinance index also jumped 8% — hitting its highest level since mid-August. Refinances continued to hover

Michael Gersitz October 7, 2020 External Articles Read more

Redfin Survey: 22% of Homebuyers and Sellers Say the Presidential Election Is Impacting Their Plans

Historically, home sales have remained relatively flat during presidential election seasons. We expect home sales to continue to grow this fall due to the coronavirus pandemic; we are forecasting more home sales in 2020 than in any year since 2006.

News Bot October 6, 2020 External Articles Read more

400,000 mortgage borrowers are “needlessly delinquent”

There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government

Michael Gersitz October 6, 2020 External Articles Read more

Fed warns of “tragic effects” of COVID-19 resurgence

A resurgence of COVID-19 in the winter months, as some health experts have warned might happen, would have “tragic effects” on the health of Americans and the economy, Federal Reserve Chairman Jerome Powell warned in a speech on Tuesday. “Managing

Michael Gersitz October 6, 2020 External Articles Read more

Finalize the closing disclosure earlier in the process using this collaborative platform

The CoreLogic Title & Closing Solution offers an enhanced workflow designed to support lenders and vendors in the title and closing process. The Title & Closing Solution syncs order management, secures vendor communication and document transfer, encourages full compliance, and

Michael Gersitz October 6, 2020 External Articles Read more

ALTA launches Good Deeds Foundation to strengthen communities

The American Land Title Association announced at its ALTA ONE conference Tuesday that it is launching its Good Deeds Foundation to provide grants and sustain efforts to strengthen communities in crisis. The foundation will help the charitable efforts of its

Michael Gersitz October 6, 2020 External Articles Read more

Orchard launches platform that digitizes home-buying process

Home buying and selling marketplace Orchard announced the launch of a digital platform, Orchard Dashboard, that enables homeowners to manage the entire real estate transaction in one place. “The traditional way of buying and selling a home has barely evolved

Michael Gersitz October 6, 2020 External Articles Read more

Compass enters title and escrow with Modus acquisition

Real estate technology company Compass announced on Monday that it has signed a definitive agreement to acquire title and escrow software startup, Modus. The financial terms of the deal were not disclosed. Modus, based in Seattle, will merge its 60-plus

Michael Gersitz October 6, 2020 External Articles Read more

The surprising future of mortgage technology

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. I know this because this is what we’ve been talking about in our industry for the past decade.

Michael Gersitz October 6, 2020 External Articles Read more

What renovations should you make before selling your home?

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. And while that certainly bodes well for homeowners (hello, more profits!) that doesn’t mean every property

Michael Gersitz October 6, 2020 External Articles Read more

Here’s how to get an instant offer on your home

Gone are the days when you had to prep your home, market it and pay a costly commission to a real estate agent just to sell. Though that’s certainly still an option (and will probably net you more in profits),

Michael Gersitz October 6, 2020 External Articles Read more

Opendoor discloses that it’s under federal investigation

Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising

Michael Gersitz October 6, 2020 External Articles Read more

Biden’s first-time homebuyer tax credit in the age of COVID-19

When former Vice President Joe Biden first proposed his $15,000 first-time homebuyer tax credit in February, there were no U.S. deaths from COVID-19. Now that the pandemic has plunged the U.S. economy into a recession and killed more than 208,000

Michael Gersitz October 5, 2020 External Articles Read more

Rock Venture’s Trina Scott on adjusting business strategy during social upheaval

Trina Scott, chief diversity officer at Rock Ventures and 2020 HousingWire Woman of Influence, will speak at our HousingWire Annual event on Oct. 8. HousingWire sat down with Scott ahead of that event to get a glimpse of what she’ll

Michael Gersitz October 5, 2020 External Articles Read more

Forbearance rate drops to 6.81%, MBA says

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week,

Michael Gersitz October 5, 2020 External Articles Read more

Princeton Mortgage’s Rich Weidel on how small shops can still compete with Rocket and UWM

Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage, was scared. He saw the big competitors only getting bigger. He wondered how a smaller retail-and-wholesale shop could possibly compete with the likes of Rocket Companies, with massive budgets

Michael Gersitz October 5, 2020 External Articles Read more

Green housing expert Bob Simpson to speak at HousingWire Annual Oct. 8

A consequential change in decarbonizing housing stock hasn’t been a priority in this pandemic year, but post-pandemic, it is sure to rise in importance. With nearly 40% of total U.S. energy consumption used in the residential and commercial sector, the

Michael Gersitz October 5, 2020 External Articles Read more

Mortgage delinquencies expected to remain above pre-pandemic levels until 2022

Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. If trends persist, the data service provider estimates once the first wave of forbearances

Michael Gersitz October 5, 2020 External Articles Read more

Roof Talk

The unsung hero of a house, the roof is an essential construction and design element. Though it sometimes doesn’t seem to be given as much consideration as other design elements, a house’s roof is a vital feature, both aesthetically and

Michael Gersitz October 5, 2020 External Articles Read more

Working Together as a Team: Negotiating with Commercial Tenants During COVID-19

The COVID-19 pandemic caused widespread mandatory closures of all types of commercial properties. These closures, along with reduced consumer spending, have hampered business operations and created challenges for many businesses that lease office and industrial properties – some of which

Michael Gersitz October 5, 2020 External Articles Read more
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  • 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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