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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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Putting words into action: California brokerage cuts ties with Facebook over values

Independent California brokerage, Ashby & Graff Real Estate, pressed pause on its five-figure Facebook ad budget in January 2019. Recently, Ashby & Graff got rid of its Facebook business page entirely. The brokerage released a statement on Monday in response

Michael Gersitz June 5, 2020 External Articles Read more

Mortgage forbearances fall for the first time

The number of mortgages in forbearance declined this week for the first time since the start of the COVID-19 pandemic, Black Knight said in a report on Friday. The number dropped to 4.73 million from 4.76 million in the prior

Michael Gersitz June 5, 2020 External Articles Read more

People movers: Realtor.com, ServiceLink and WFG Lender Services

Realtor.com has promoted its Senior Vice President of Product, Rachel Morley, to chief product officer. With over two decades of experience in the industry, Morley held multiple positions at REA Group, which operates property websites domestically and throughout Asia, including

Michael Gersitz June 5, 2020 External Articles Read more

[PULSE] Mortgage servicers are getting the short end of the stick under the CARES Act

Many of you have read about the power of the president to invoke the Defense Production Act to acquire products or direct the activities of suppliers based on a finding that it is necessary for the federal government to intrude

Michael Gersitz June 5, 2020 External Articles Read more

Appeals court throws out $706 million jury verdict against Amrock, orders new trial

A $706 million jury verdict against Amrock in 2018 was tossed out on Wednesday by a Texas appeals court after it ruled the jury considered invalid legal theories. The Fourth Court of Appeals in San Antonio ordered a new trial

Michael Gersitz June 5, 2020 External Articles Read more

CFPB and CSBS issue statement on mortgage forbearance warning servicers on borrower guidance

The Consumer Financial Protection Bureau and Conference of State Bank Supervisors have issued a joint statement regarding forbearance as it relates to the CARES Act. The three-page statement defines protections for borrowers with federally backed mortgages. Under the terms of

Michael Gersitz June 5, 2020 External Articles Read more

FHA enacts temporary policy shift on forbearances

The Federal Housing Administration introduced a temporary policy designed to offer guidance for lenders on how to obtain FHA insurance endorsements on mortgages where the borrower either obtained or requested a COVID-19 forbearance. Current FHA policy prevents mortgages that are

Michael Gersitz June 5, 2020 External Articles Read more

The mortgage industry’s united effort to combat COVID-19

From the frontlines to front porches, the mortgage industry has quickly found ways to support those impacted by the COVID-19 pandemic.  The devastating consequences of the virus reached many parts of the housing industry, and most notably, the ability to

Michael Gersitz June 5, 2020 External Articles Read more

Home-Buying Demand Up 22% After Seven Straight Weeks of Increases; Shortage of Homes for Sale Drives Prices Up 7%

Just the Facts: Four Key Housing Market Takeaways for This Week Home-buying demand is up 22% from pre-pandemic levels after seven straight weeks of gains. Sellers are slowly returning, but new inventory can’t keep pace with demand and the number

News Bot June 5, 2020 External Articles Read more

20 Best Cities To Invest In Real Estate In 2020

Real estate remains an appealing asset class for investors because of the opportunity to earn recurrent income from rentals. If the market dynamics are optimal, your monthly rental income can fully offset the expenses associated with servicing your mortgage. Interest

News Bot June 5, 2020 External Articles Read more

FHFA updates housing goals for Federal Home Loan Banks

The Federal Housing Finance Agency today issued a final rule for the housing goals of the nation’s network of Federal Home Loan Banks aimed at boosting mortgage lending to low-income neighborhoods. “By creating housing goal targets that are achievable for

Michael Gersitz June 4, 2020 External Articles Read more

June 1 rent payments show stress, with some cities seeing steep declines

Rent payments made on June 1 have dipped in some states, while others have shown positive growth, according to a new survey from LeaseLock. Even though renters haven’t had the time to fully recover from the impact of COVID-19, April

Michael Gersitz June 4, 2020 External Articles Read more

Jobless claims fall to 1.9 million, the lowest since March

Another 1.9 million people filed jobless claims last week, the lowest level since the COVID-19 pandemic began closing U.S. businesses in mid-March. Last week’s job losses bring the total number of Americans seeking unemployment benefits in the last three months

Michael Gersitz June 4, 2020 External Articles Read more

How brokers can prepare for the anticipated summer home-buying season

Austin Niemiec is the executive vice president of Quicken Loans Mortgage Services (QLMS). HousingWire sat down with Niemiec to discuss the disruption to this year’s home buying season and how brokers can prepare to take on more purchase activity. HousingWire:

Michael Gersitz June 4, 2020 External Articles Read more

Real estate CEOs talk about digitizing the industry

On the second day of Inman Connects Now, brokers and CEOs took the virtual stage and discussed real estate’s transition to virtual technologies, as well as what buying and selling a home could look like post-pandemic. Redfin CEO Glenn Kelman

Michael Gersitz June 4, 2020 External Articles Read more

NAREB issues call to action removing barriers to black homeownership

The National Association of Real Estate Brokers President Donnell Williams released a statement Wednesday in response to the national civil unrest America is currently facing. NAREB chose to take an economic perspective in regard to black Americans battling COVID-19, racial

Michael Gersitz June 4, 2020 External Articles Read more

First-hand account: Here’s what it’s like to sell your home during a pandemic

Last week, I decided to sell my home. The decision seemed sudden, but it wasn’t. I watched as the market started picking up. I watched as interest rates continued to drop. I browsed options online as I waited and watched.

Michael Gersitz June 4, 2020 External Articles Read more

Learn how to master the power of podcasts at engage.marketing in June

Your voice is one of the most powerful tools that you have. At the same time, we’re also living in an environment where there are more ways than ever before to digest information.  So how do you make sure you’re

Michael Gersitz June 4, 2020 External Articles Read more

[PULSE] Digitizing the mortgage industry through MISMO

Over the last several years, the Mortgage Industry Standards Maintenance Organization (MISMO) has been the driving force as the mortgage industry has transitioned to a digital world. MISMO was created to standardize how the mortgage industry communicates, and its mission

Michael Gersitz June 4, 2020 External Articles Read more

United Wholesale Mortgage removes extra employment verification requirement on all loans

United Wholesale Mortgage, the largest U.S. wholesale lender, said it was removing an extra rule, or overlay, it implemented last month requiring a borrower’s employment to be re-verified on the day of closing. The removal of the overlay applies to

Michael Gersitz June 4, 2020 External Articles Read more

7 Kitchen Upgrades to Make Your Home Stand Out to Buyers

If you’re getting your house ready to sell, you might be wondering what upgrades you can make to help your home stand out amongst the competition. With the kitchen being one of the most memorable and important areas of any

News Bot June 4, 2020 External Articles Read more

Home Maintenance: 11 Things You Should Address Immediately

Your home is your sanctuary and maintaining it is paramount, especially if you ever plan on selling your home in the future you’ll be sure to want top dollar for it. Beyond sweeping floors and mowing your yard, some home

News Bot June 4, 2020 External Articles Read more

Phoenix Real Estate Market 2020 Overview

If you are considering buying a house or an investment property in the Phoenix real estate market, you’ll find all the housing statistics on this page to help you make a sound decision. As we saw Arizona real estate market thriving

News Bot June 4, 2020 External Articles Read more

Housing Tech Rundown: DocMagic, Qualia and Curbio

With recent indications that summer will be this year’s strong home-buying season, housing tech companies are poised to help consumers and lenders with a variety of challenges related to low inventory and the resulting bidding wars on top of the

Michael Gersitz June 3, 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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