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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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HW Media acquires Altos Research to expand access to real-time housing data

HW Media, publisher of HousingWire, RealTrends and Reverse Mortgage Daily, announced today that it has closed on the strategic acquisition of Altos Research, the premier resource for real-time real estate data, providing weekly market statistics, analysis and reporting for 99%

Michael Gersitz December 8, 2022 External Articles Read more

Lower mortgage rates are stabilizing the housing market

Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of

Michael Gersitz December 8, 2022 External Articles Read more

Rustic, Refined, and Romantic: Is the French Country House Style Right for You?

They’re effortless with their stone facades and stucco walls, rustic green gardens, and cozy interiors filled with exposed beams and a roaring fireplace. French country homes are a well-loved house style that you’ll find throughout the US – and there’s

News Bot December 8, 2022 External Articles Read more

Beautiful Places on Oahu That Locals Love and Are a Must for Newcomers

One of the six major islands of Hawaii, Oahu is known for being home to the state’s capital city of Honolulu and its fantastic access to the outdoors and nature. Home to around 1 million people, there are many beautiful

News Bot December 8, 2022 External Articles Read more

Doma cuts workforce by 40% as part of its ‘reduction plan’

As the housing market continues to slow, Doma is the latest industry firm to undergo layoffs. In a Securities and Exchange Commission filing from December 2 and posted on December 6, the title insurer announced that it was eliminating 515

Michael Gersitz December 8, 2022 External Articles Read more

10 Baltimore Coffee Shops to Keep You Warm This Winter

With winter right around the corner, there’s no better way to warm up than grabbing a hot cup of coffee. Luckily for those living in Baltimore, there are plenty of coffee shops and cafes throughout the city. Whether you’re checking

News Bot December 8, 2022 External Articles Read more

After margin call, EPM stopped paying Jesse Iwuji Motorsports sponsorship: lawsuit

Stock car racing team Jesse Iwuji Motorsports (JIM) this week filed a lawsuit against Atlanta-based mortgage lender Equity Prime Mortgage (EPM) for allegedly failing to make more than $4 million in sponsorship payments after the company received a margin call

Michael Gersitz December 8, 2022 External Articles Read more

Enjoy Beantown on a Budget: 5 Free Things to Do in Boston

It seems like everything is more expensive these days, and living in Boston is no exception. Finding things to do in any city that don’t come with a price tag can be challenging. If you want to get acquainted with

News Bot December 8, 2022 External Articles Read more

Broker group calls on FHFA to spike upcoming cash-out refi fee

The chorus of mortgage brokers who are calling on the Federal Housing Finance Agency (FHFA) to remove a targeted cash-out refinance fee is growing louder. The National Association of Mortgage Brokers wants the housing regulator to consider removing the loan

Michael Gersitz December 8, 2022 External Articles Read more

What Locals Love About San Antonio That You’ll Love Too

Home to nearly 1.5 million people, San Antonio still offers small-town vibes with its neighborhoods, green spaces, and river-side strolls. Commonly referred to as the “Alamo City,” there are many reasons why locals love San Antonio and choose to call

News Bot December 8, 2022 External Articles Read more

Fannie Mae changes underwriting to help ‘credit invisible’ borrowers

Fannie Mae announced on Tuesday that it will make changes to its automated underwriting system in order to expand mortgage loan eligibility and simplify the loan process for underserved borrowers without credit scores. The enhancements are slated to roll out

Michael Gersitz December 8, 2022 External Articles Read more

10 Pros and Cons of Living in New York State

New York is one of the most renowned places in the world. It is home to the vibrant city of NYC and the awe-inspiring Niagara Falls, as well as stunning natural scenery and a forward-thinking business sector. This state is

News Bot December 8, 2022 External Articles Read more

LOs, mortgage rates and the long, cold winter ahead

Industry analysts say they expect loan volume to remain depressed for at least the next two quarters, meaning it will be a long winter for loan originators. The recent declines in mortgage rates brought a glimmer of hope that borrowers

Michael Gersitz December 8, 2022 External Articles Read more

Fun Things to Do in Minneapolis: 13 Can’t-Miss Activities for New Residents

What was once two cities on either side of the Mississippi River – Minneapolis combines the best of both cities and offers its residents a little bit of everything. From checking out the restaurant scene to cheering on the sports

News Bot December 8, 2022 External Articles Read more

What is a Building Super and What Are They Responsible For?

You may have heard the term building super when searching for an apartment but not know what the term means. This article will cover what a building super is, the types of supers you may encounter, their responsibilities, and how

News Bot December 8, 2022 External Articles Read more

What is a Mortgage Buydown? Lower Interest Rates with this Strategy

When you decide to buy a house, you’re not only committing to paying for the purchase price of the home but also the interest rate on your mortgage loan – the cost of borrowing money from your mortgage lender.  With

News Bot December 8, 2022 External Articles Read more

Path Software launches new TPO capability

Calyx has developed a new third-party origination (TPO) functionality for Path Software called Path TPO, the company announced Tuesday. The new capability, which is cloud-based, can be accessed through and integrates with a client’s existing Path platform. In a release,

Michael Gersitz December 8, 2022 External Articles Read more

Is Minneapolis a Good Place to Live? 10 Pros and Cons of Calling the Twin Cities Home

Does Minneapolis have more to offer than long winters and pro sports teams? You betcha. Minnesota is a massive state with many rural areas, but the urban region is truly metropolitan and has long flown under the radar. Whether you

News Bot December 8, 2022 External Articles Read more

How LOs get into a real estate agent’s circle

To get into an agent’s circle, an LO has to see problems before they manifest they need to communicate whether the news is good, bad or ugly, agents said. Becca Summers does not typically include Wells Fargo on the lender

Michael Gersitz December 8, 2022 External Articles Read more

Housing Market Forecast 2024 & 2025: Predictions for Next 5 Years

Housing Market Predictions for Next 5 Years Here’s what some of the experts predict will happen in the housing market in the next five years. Some economists are more hopeful, but even those who predicted price increases through 2023 are

News Bot December 8, 2022 External Articles Read more

Here’s why new home sales are up along with prices

Today new home sales beat estimates, and new home median sales prices hit an all-time high. What is going on here? My job is always to be the detective, not the troll so let’s take a look at today’s data,

Michael Gersitz November 25, 2022 External Articles Read more

Buydowns become key for buyers to beat the market

It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage, in the current high-rate

Michael Gersitz November 25, 2022 External Articles Read more

New home sales continued to yo-yo in October

Homebuilders must be feeling some whiplash, as new single-family home sales continued to yo-yo in October. After rebounding in August from a drop in July only to fall again in September, new home sales were back up in October, according

Michael Gersitz November 25, 2022 External Articles Read more

Nonbank lender job cuts could shorten the market downturn

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. “While it is true that many nonbanks entered this downturn with a large war

Michael Gersitz November 25, 2022 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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