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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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Jornaya’s Mike Eshelman to speak at HousingWire Annual Oct. 8

Consumer attitudes have changed significantly since the onset of the pandemic, and companies that are dealing with outdated perspectives — anything before March — are going to find it hard to connect. That’s why we’ve invited Mike Eshelman, head of consumer finance

Michael Gersitz September 29, 2020 External Articles Read more

Making every loan a green loan

In August, a group of distinguished climate scientists from the United Kingdom released a report indicating that over 28 trillion tons of ice had melted and disappeared from the earth’s surface since 1994. This is important because it reinforced predictions

Michael Gersitz September 29, 2020 External Articles Read more

Federal regulators finalize appraisal and capital liquidity rules

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency finalized two rules on Tuesday that were initiated in the early days of the COVID-19 pandemic. These

Michael Gersitz September 29, 2020 External Articles Read more

Home-price index gains the most since 2018

The S&P CoreLogic Case-Shiller index of home prices in 20 U.S. cities gained 3.9% in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. The

Michael Gersitz September 29, 2020 External Articles Read more

Startup profile: Arturo

Taken from the September issue of HousingWire Magazine, Arturo is an artificial intelligence property analytics company looking to improve decision making. The company launched in 2018 and has already expanded to the U.S., Canada, Australia and New Zealand, with expansion

Michael Gersitz September 29, 2020 External Articles Read more

Consumer confidence posts biggest surge in 17 years

Consumer confidence, a key measure in gauging whether people are willing to make big-ticket purchases like homes, surged the most in more than 17 years during September, surpassing the expectations of economists. The gauge rose to 101.8, the highest level

Michael Gersitz September 29, 2020 External Articles Read more

San Francisco Bay Area Real Estate Market Overview 2020

This article has been updated to reflect recent changes in the San Francisco housing market. San Francisco consistently ranks among the most expensive real estate markets in the world, and it is one of the most densely populated cities in

News Bot September 29, 2020 External Articles Read more

Refi Sugar High: How to balance your lending diet

As the Fed pulls out all the stops to stimulate economic activity, mortgage rates have reached record lows. In light of rampant uncertainty and economic hardship, homeowners are leaping at the opportunity to save thousands in annual payments, and the

Michael Gersitz September 29, 2020 External Articles Read more

Brokerage uses VR to get consumers inside houses that haven’t been built yet

Urban District Realty, a Washington, D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that

Michael Gersitz September 28, 2020 External Articles Read more

New home sales hot but not bubbly

The recent new home sales data is at levels last seen in 2006, with monthly supply back down to the low levels seen the last time new home sales data was really strong. For the first time in more than

Michael Gersitz September 28, 2020 External Articles Read more

California expands oversight of consumer protection watchdog

With the official passage of the California Consumer Protection law on Friday, California’s Department of Business Oversight will be renamed the California Department of Financial Protection and Innovation and given expanded powers. The state legislature says the move will increase

Michael Gersitz September 28, 2020 External Articles Read more

Mnuchin’s oversight panel endorses Calabria’s GSE plan

A year ago, Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mark Calabria released the Trump administration’s so-called blueprint to re-privatize mortgage giants Fannie Mae and Freddie Mac with the biggest stock offering in history. Calabria has stuck

Michael Gersitz September 28, 2020 External Articles Read more

Cannae, Senator send letter boosting CoreLogic bid

Cannae Holdings and Senator Investment Group sent a letter to CoreLogic shareholders on Friday urging them to vote for nine new board members to support their unsolicited buyout bid. “One need look no further than the 40+% rise in the

Michael Gersitz September 28, 2020 External Articles Read more

As UWM attempts to build an empire, brokers and rivals weigh in on Mat Ishbia’s $16B plan

A year ago, long before anyone talked about a coronavirus, Rocket Companies‘ stock performance, or the curious acronym S-P-A-C, Mat Ishbia had set his plan in motion. Ishbia’s company, United Wholesale Mortgage, had by that point climbed the ranks to

Michael Gersitz September 28, 2020 External Articles Read more

10 Cute Homes For Sale Under the National Median Price of $328.4K

When you think about a cute home, you might imagine a small and cozy cabin perched on the side of a river, or maybe you picture a modern condo with a quaint patio overlooking the city. We view cute homes

News Bot September 26, 2020 External Articles Read more

Fidelity National Financial expands its digital options to help prevent wire fraud

Fidelity National Financial, a provider of title insurance and settlement services to the real estate and mortgage industries, is working to prevent wire fraud in today’s growing digital environment. Mortgage demand remains at a record high, and much of the country’s

Michael Gersitz September 25, 2020 External Articles Read more

People movers: Sagent, Homespire Mortgage, Title Partners

Fintech company Sagent announced it hired veteran technology leader Uday Devalla as its new chief technology officer. Devalla brings a wealth of industry experience to his new position, leading engineering, digital transformation, information security, and regtech strategy in housing for

Michael Gersitz September 25, 2020 External Articles Read more

OJO Labs rolls out agent referral network

OJO Labs has launched the OJO Select Network, an agent referral program that matches top performing agents with ready homebuyers or sellers based on an understanding of the agent’s skill set and the consumer’s needs. Select Network gives agents access

Michael Gersitz September 25, 2020 External Articles Read more

Fed’s Brainard for Treasury Secretary?

Federal Reserve Governor Lael Brainard, who started her public career in the 1990s as an economic advisor to President Bill Clinton, is the leading candidate for Treasury secretary if former Vice President Joe Biden usurps President Donald Trump in the

Michael Gersitz September 25, 2020 External Articles Read more

UWM rolls out “game-changing” mobile app for brokers

Just days after announcing that United Wholesale Mortgage would be going public in the fourth quarter at a $16.1 billion valuation, CEO Mat Ishbia today unveiled a new tech tool that he claims will bring “game-changing flexibility” to brokers. The

Michael Gersitz September 25, 2020 External Articles Read more

Home Point Financial launches community foundation with initial $1 million grant

Home Point Financial announced on Friday the launch of its charitable community foundation with an initial pledge of $1 million dedicated to funding 50 new minority and female-owned brokerages. In the midst of the Association of Independent Mortgage Experts National

Michael Gersitz September 25, 2020 External Articles Read more

Revamping qualified mortgages: A clearer message?

The federal Ability to Repay Rule has always been a study in contradiction. Back in 2014, the Consumer Financial Protection Bureau issued the rule to instill strict underwriting standards for mortgage loans, but also hoped not to hamper the availability

Michael Gersitz September 25, 2020 External Articles Read more

Porch adds five new board members ahead of public debut

Real estate tech company Porch announced Wednesday that it has brought on five new members to its board of directors ahead of becoming publicly traded. The company added: Javier Saade, founder and managing partner of Impact Master Holdings as well

Michael Gersitz September 25, 2020 External Articles Read more

New-Construction Home Listings Drop 4% in August, Reversing Course From July’s Rebound

The new-homes market is recovering—with sales on the rise—but hurdles including a lumber shortage are still hampering builders. New listings of newly-built homes dropped 4.1% year over year to a seasonally-adjusted rate of 74,000 in August, reversing course after a

News Bot September 25, 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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