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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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Mortgage demand declines at a slower pace

Borrowers’ demand for mortgage loans declined at a slower pace last week when mortgage rates dropped slightly ahead of the Federal Reserve’s (Fed) meeting to announce the new target for the federal funds rate.  According to the latest survey from the Mortgage

Michael Gersitz November 2, 2022 External Articles Read more

Housing Market Predictions | Real Estate Market Forecast

Housing Market Predictions The housing market saw an incredible year last year, with record-low interest rates, the strongest yearly growth in single-family values and rentals, a generational low in foreclosure rates, and the highest number of home sales in 15

News Bot November 2, 2022 External Articles Read more

RON bill grinds to a halt in the U.S. Senate

Things were looking good for the Securing and Enabling Commerce Using Remote and Electronic Notarization (SECURE) Act as of late July after it passed in the House of Representatives as part of a package of bills. However, the bill’s momentum

Michael Gersitz November 2, 2022 External Articles Read more

Is it a Good Time to Buy a House or Should I Wait Until 2023-2024

Should I Buy a House Now or Wait? Check out the latest housing trends for the previous month if you’re unsure whether it is a good time to buy a house or if should you wait until 2023. It’s becoming

News Bot November 2, 2022 External Articles Read more

People Moving Out of Austin Are Considering These 10 Cities

There is something for everyone in Austin, TX. Whether you’re looking for a lively nightlife scene, a robust job market, or an affordable cost of living, you’ll find it in Austin. With a whopping 966,000 residents living in Austin, it’s

News Bot November 2, 2022 External Articles Read more

HW Annual 2022: HW Media Update

HW Media Update Starting in 2018, HW Media started focusing on events for marketers with Engage Marketing. In 2022 this tradition was continued with the Marketing Leader Success Summit at HousingWire Annual in Scottsdale. In this update Clayton Collins and

Michael Gersitz November 2, 2022 External Articles Read more

Boise Real Estate Market: Prices And Forecast 2022 & 2023

Is the Boise Housing Market Cooling Off? Boise had a hot housing market during the pandemic-fueled boom. The housing market conditions we experienced for the last two years were unique. Historically low inventory, coupled with rampant demand, resulted in above-average

News Bot November 2, 2022 External Articles Read more

What is a 2-1 temporary rate buydown?

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. These borrowers are hoping that rates will decline enough in the next few years that

Michael Gersitz November 2, 2022 External Articles Read more

Home price growth slows further in August

Annual home-price growth slowed further in August, with year-over-year price gain shrinking for the fifth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a year gain of 13.0% in August, bringing

Michael Gersitz October 25, 2022 External Articles Read more

Mortgage production will fall 9% in 2023: MBA forecast

Recession is coming, according to the Mortgage Bankers Association.  The MBA forecasts a recession in the first half of 2023, with the unemployment rate at 5.5% and inflation at the 2% target by the end of next year. The economic

Michael Gersitz October 25, 2022 External Articles Read more

Almost half of Q3 transactions had issues leading to wire and title fraud risks at closing

As the risk of wire and title fraud increases, the discussion around the problem in the industry grows louder. Earlier this year at MBA Tech 2022, the Mortgage Bankers Association held a panel that included title industry executives, lender risk

Michael Gersitz October 25, 2022 External Articles Read more

Invitation Homes seeking $1B JV as home prices fall: report

Single-family rental behemoth Invitation Homes is seeking a joint venture partner to take advantage of the latest drop in home prices, according to a report by Bloomberg. The company is working with commercial brokerage Eastdil Secured to find a partner

Michael Gersitz October 25, 2022 External Articles Read more

MBA’s Broeksmit takes aim at CFPB

America is in a “full damage control mode” while the Federal Reserve attempts to control inflation, inflicting pain on the mortgage industry – and that’s when “bad policies have a habit of rearing their ugly head,” according to Mortgage Bankers

Michael Gersitz October 25, 2022 External Articles Read more

Matt Rocco, new MBA chair, emphasizes affordable rental housing focus

On stage in Nashville on Monday, Mortgage Bankers Association Chairwoman Kristy Fercho passed the torch to Matt Rocco, who will take over as chairman in 2023. Rocco, the CEO of Grandbridge Real Estate, a commercial real estate investment bank subsidiary

Michael Gersitz October 25, 2022 External Articles Read more

Anywhere Real Estate appoints its first ever chief product officer

Real estate brokerage and services company Anywhere Real Estate announced last week that it is appointing Tony Kueh as its first chief product officer. In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments.

Michael Gersitz October 25, 2022 External Articles Read more

How to get to homebuyers first in today’s ultra-competitive market

With rising rates and low housing inventory, lenders are competing for every borrower they can get. In light of that, HW Media Editor-in-Chief Sarah Wheeler had the opportunity to catch up with Ty Tucker, CoreLogic executive, Loan Solutions Group, at

Michael Gersitz October 25, 2022 External Articles Read more

D.C. real estate firms fined $10M for discrimination

Three Washington, D.C.-based real estate firms — DARO Management Services, DARO Realty and Infinity Real Estate — and company executive Carissa Barry, have been handed a hefty $10 million civil penalty as part of a settlement for illegally discriminating against low-income

Michael Gersitz October 25, 2022 External Articles Read more

Real estate unicorn Roofstock cuts its workforce by 20%

Within the span of a week, San Francisco-based digital real estate unicorn Roofstock completed its first property sale through non-fungible token (NFT) and laid off about 20% of its workforce. A Roofstock spokesperson told SFGATE that owing to the “economic

Michael Gersitz October 25, 2022 External Articles Read more

Will Home Prices Drop in 2023: Housing Market Predictions 2023

Housing Market Predictions 2023 Will house prices go down in 2023? Depending on who you ask, the forecast for 2023 is mixed. Most experts in the housing industry predict less buyer demand, lower prices, and higher borrowing rates. Rate increases,

News Bot October 25, 2022 External Articles Read more

Southern California Housing Market Forecast 2022 & 2023

Home prices & sales are moderating across the Southern California housing market. In Southern California, the median home price is not rising by double-digits anymore. That trend is over. After a two-year housing boom, the housing market in Southern California

News Bot October 25, 2022 External Articles Read more

5 Passive Real Estate Investing Tips to Help You Make Money

What is Passive Real Estate Investing? Passive real estate investing is a way to invest in real estate to augment income considerably well without having to necessarily stress out one’s self. You are not actively involved in generating profits or

News Bot October 25, 2022 External Articles Read more

NYC Housing Market: Prices, Trends & Forecast 2022-2023

Here are the latest trends in the NYC real estate market as well as the statewide market. A prolonged scarcity of properties on the market across the Empire State, along with high prices and growing mortgage rates, continues to impede

News Bot October 25, 2022 External Articles Read more

Will The Housing Market Crash: Real Estate Crash Coming?

When Will the Housing Market Crash? As more signs show that the housing market is already slowing down in 2022, many people are wondering: Will the housing market crash or collapse in the near future? More and more housing analysts

News Bot October 25, 2022 External Articles Read more

Housing Market Trends 2022: Prices Are Beginning to Drop

Housing Market Trends 2022 The housing market is predicted to slow down further in the last quarter of 2022. For sellers, this could be terrible news, but for buyers, it’s great. Yet, there is still the problem of sky-high mortgage

News Bot October 25, 2022 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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