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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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Julian Castro on Trump’s AFFH tweet: “It’s a naked ploy to drum up racial fears and white resentment”

Early on, the Trump administration signaled it would target regulations related to the Fair Housing Act for changes, first delaying implementing the Affirmatively Furthering Fair Housing provision of the Act — put in place under President Obama — then proposing

Michael Gersitz August 2, 2020 External Articles Read more

HousingWire Magazine: August 2020

August 2020: The Reveal August 2020 is already one of our most exciting issues of the year because in it, we feature the winners of one of my favorite awards: The Women of Influence. This year, our issue launch is

Michael Gersitz August 2, 2020 External Articles Read more

Zillow announces employees can work from home indefinitely

Zillow has announced it will allow the majority of its employees to work from home indefinitely. Zillow first closed its offices in March, and said that since then, it has brought on about 500 more employees completely remote. While this

Michael Gersitz August 2, 2020 External Articles Read more

Here’s what housing professionals can use as a roadmap amid economic uncertainty

Lenders are working hard to adapt to the current unstable environment, thanks to an ever-shifting market and the ongoing effects of COVID-19 on business and the economy. HousingWire spoke with Paul W. Harris, head of First American’s mortgage analytics business,

Michael Gersitz August 2, 2020 External Articles Read more

UWM now offering 15-year fixed mortgage rates as low as 1.875%

Mortgage rates for a 15-year fixed currently sit at approximately 2.5%. However, customers of the nation’s second-biggest lender could soon receive an interest rate below 2%. United Wholesale Mortgage announced Friday that it is rolling out a new loan program

Michael Gersitz August 2, 2020 External Articles Read more

Mortgage forbearance rate drops to a three-month low

The U.S. mortgage forbearance rate dropped to a three-month low of 7.7% this week as more Americans were able to pay their loans on time, Black Knight said in a report on Friday. It was the lowest share of mortgages

Michael Gersitz August 2, 2020 External Articles Read more

People movers: Merchants Capital, Grace Hill, Radian and Walker & Dunlop

Merchants Capital, a mortgage banking company, has named Dwayne George as its executive vice president, national head of production. George has 15 years of experience in multifamily production and management, including most recently as senior director of target affordable housing

Michael Gersitz August 2, 2020 External Articles Read more

Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Homebuyer demand for condos dropped with the coronavirus pandemic, but buyers are starting to return—particularly those searching for affordable homes. Demand for single-family homes has recovered more quickly. Condo sale prices nationwide dropped 1.4% year over year to a median

News Bot August 2, 2020 External Articles Read more

Denver Real Estate Market & Investment Overview 2020

Let’s take a look at the current state of the Denver real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in Denver for real estate investors. Shortage of housing for a growing population, a strong economy &

News Bot August 1, 2020 External Articles Read more

How to Build a Tree House

Kids love to climb trees. And kids love to have a place to call their own.  Remember having a tree house growing up – or wishing you had one?It’s a place kids can decorate with their own style. A place to sleep out; a place to giggle and tell secrets to one another.   Creating these […]

The post How to Build a Tree House appeared first on Signature Real Estate Services.

News Bot August 1, 2020 External Articles Read more

[PULSE] Housing discrimination: It’s real and not just a tweet

On July 16, I published this article in Housing Wire calling on HUD to back away from proposed changes to the disparate impact rule. I was one voice of many from industry and housing who called on HUD to not

Michael Gersitz July 31, 2020 External Articles Read more

NAR comes out strong against AFFH fair housing rule termination

On Wednesday, President Donald Trump tweeted about his administration’s actions in abolishing the Obama-era AFFH fair housing rule – a move which we covered on July 23. In his tweet, President Trump wrote (among other things): “I am happy to

Michael Gersitz July 31, 2020 External Articles Read more

Is student loan debt really the barrier to Millennial homeownership?

On Wednesday, the Census Bureau reported a surprise increase in the homeownership rate, up from 65.3% to 67.9%. This increase challenges the long-standing thesis that college-educated Americans are too broke to own homes due to the financial burden of student

Michael Gersitz July 31, 2020 External Articles Read more

Redfin posts improved Q2 numbers while Realogy’s revenue, income declines

Two real estate giants reported earnings on Thursday, with each telling a very different story around their second-quarter performance. Redfin Corp. on Thursday reported increased revenue and a narrower loss for the second quarter as the company saw a surge

Michael Gersitz July 31, 2020 External Articles Read more

JetClosing raises $9M for digital title and escrow platform

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. JetClosing, a cloud-based digital title and escrow startup, announced this morning that it has raised $9

Michael Gersitz July 31, 2020 External Articles Read more

Is buying real estate leads really worth it?

HousingStack is a real estate technology landscape that provides a dynamic visual of rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. As we’ve shown in HousingStack, there are a lot of companies focused

Michael Gersitz July 31, 2020 External Articles Read more

Fannie Mae Q2 earnings fell as fee revenue declined

Fannie Mae, the largest issuer of single-family mortgage bonds, said its net income fell 26% in the second quarter from a year ago as lending for home purchases slowed in the early months of the pandemic. Net income for the

Michael Gersitz July 31, 2020 External Articles Read more

Zillow announces partnership with homebuilder D.R. Horton

Zillow has announced a partnership with homebuilder D.R. Horton, allowing buyers of new construction homes to sell their current homes directly to Zillow through its iBuying solution, Zillow Offers. D.R. Horton customers selling their current home through Zillow Offers receive

Michael Gersitz July 31, 2020 External Articles Read more

U.S. GDP plunges a record 32.9% as jobless claims rise

U.S. GDP contracted a record 32.9% in the second quarter from a year ago, the Commerce Department said on Thursday, while a separate report showed jobless claims rising for the second consecutive week as the COVID-19 pandemic spins out of

Michael Gersitz July 31, 2020 External Articles Read more

Average U.S. mortgage rate breaks the 3% threshold again

The average U.S. rate for a 30-year fixed mortgage fell to 2.99% this week, the second-lowest on record, as investors worried about the economic fallout of the COVID-19 pandemic piled into the bond markets. The rate fell from 3.01% last

Michael Gersitz July 31, 2020 External Articles Read more

Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as

News Bot July 31, 2020 External Articles Read more

How Much Does a Home Inspection Cost?

You may be surprised to know that home inspection costs can vary widely from state-to-state. What it costs for a house in New York, NY to be inspected most likely will be different than a home in Portland, OR. Quite

News Bot July 31, 2020 External Articles Read more

Los Angeles Real Estate Market & Investment Overview 2020

We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers. The shutdown due to coronavirus pandemic had an impact on the California economy and the real estate sector

News Bot July 30, 2020 External Articles Read more

Portland Real Estate Market And Investment Overview 2020

Let’s take a look at the current state of the Portland real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in Portland for real estate investors. When COVID19 hit Oregon hard in March of 2020 the

News Bot July 30, 2020 External Articles 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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