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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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Home sellers are feeling good about 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. And despite fierce bidding wars, competition from institutional investors and sore

Michael Gersitz April 7, 2021 External Articles Read more

Mortgage servicers are stepping up during COVID

The Consumer Financial Protection Bureau recently released to Congress the 2020 Consumer Response report. While overall complaints were up 54% year-over-year, complaints against mortgage companies were up just 7.5%, and complaints against mortgage servicers were actually down, by 3.5%. These

Michael Gersitz April 7, 2021 External Articles Read more

Millions will enter housing market in 2021: Zillow

In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance. And now, with

Michael Gersitz April 7, 2021 External Articles Read more

Tired of renting? 6 signs you’re ready to buy your first home

Chances are, you know someone who owns a home. Whether it’s a sibling, friend, or co-worker, you’ve seen someone go through the first-time home buying process – and it probably looked really complicated. At least, more complicated than simply paying

Michael Gersitz April 7, 2021 External Articles Read more

The future of mortgage closings

A painstaking, uncoordinated movement to fully adopt remote online notarizations nationwide and complete end-to-end digital escrow mortgage closings is gaining even more traction as the real estate industry launches into a new decade in 2021. But depending on where you

Michael Gersitz April 6, 2021 External Articles Read more

Here’s how to fix the housing market inventory crisis

The U.S. housing market is in the midst of an inventory crisis. The number of homes for sale in the U.S. is hovering near record lows, caused by a pandemic-induced housing inventory death-spiral. At the same time, home sales have

Michael Gersitz April 6, 2021 External Articles Read more

Two Southern banks complete mortgage eNote transfer

Truliant Federal Credit Union is the first Southeast financial institution to officially complete a transfer of an eNote – or an electronic promissory note – to Federal Home Loan Bank of Atlanta (FHLBank Atlanta), as part of FHLBank Atlanta’s eNote

Michael Gersitz April 6, 2021 External Articles Read more

Forbearances dip for fifth straight week to 4.9%

The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent data from the Mortgage Bankers Association. New forbearance requests also dropped to their lowest level

Michael Gersitz April 6, 2021 External Articles Read more

The appraisal gap is complicating deals across the country

The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school

Michael Gersitz April 6, 2021 External Articles Read more

Threat of climate change looms large for some home buyers

Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said

Michael Gersitz April 6, 2021 External Articles Read more

CFPB proposes foreclosure ban until 2022

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules,

Michael Gersitz April 6, 2021 External Articles Read more

Housing inventory is down 40%. Buyers are paying the price

Prices are up sharply as housing inventory continues to plateau, leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped

Michael Gersitz April 6, 2021 External Articles Read more

Why now is not the time for FHA premium cuts

In its most recent annual report to Congress, November 2020, the Federal Housing Administration (FHA) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The figure, standing at 6.1%,

Michael Gersitz April 6, 2021 External Articles Read more

Will the next job wave mean the end of forbearance?

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a

Michael Gersitz April 6, 2021 External Articles Read more

5 signs you’re ready to downsize your home

Should you or shouldn’t you downsize? If you’re a homeowner, this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore,

Michael Gersitz April 5, 2021 External Articles Read more

Finance of America to go public before IPO window closes

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading

Michael Gersitz April 5, 2021 External Articles Read more

Asking prices of newly listed homes reach all-time high

Home prices are sky-high, and a recent report from Redfin underlines that point with some staggering data. Median home-sale prices increased 17% year-over-year to $335,613 – a record high, per data taken from more than 400 metro areas during the

Michael Gersitz April 5, 2021 External Articles Read more

White label title insurer Proliant adds another franchise

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. The move expands Proliant further into Michigan, where it has close to a dozen franchise title

Michael Gersitz April 5, 2021 External Articles Read more

Employment gains could help housing inventory

After three months of mediocre gains, the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by

Michael Gersitz April 5, 2021 External Articles Read more

A candid interview with RE/MAX executive Nick Bailey

Nick Bailey, chief customer officer at RE/MAX Nick Bailey has spent 23 years in the real estate industry. He was a vice-president at Zillow, the CEO of Realogy brand Century 21, and for the last two years the chief customer

Michael Gersitz April 2, 2021 External Articles Read more

Dan Gilbert sells $500 million worth of Rocket stock

Rocket Companies Chairman Dan Gilbert sold 20 million shares of common stock on Wednesday, cashing out just under $500 million, according to disclosures Rocket made to the Securities and Exchanges Commission. The Form 4 file, made public Wednesday evening, shows

Michael Gersitz April 2, 2021 External Articles Read more

Compass makes its hotly anticipated Wall Street debut

Residential brokerage Compass is now a publicly traded company, with shares trading at $20.15 at close of the New York Stock Exchange on Thursday. The New York City-headquartered company began offering shares Thursday morning. Investors initially paid $21.15-a-share to grab

Michael Gersitz April 2, 2021 External Articles Read more

CFPB warns servicers: “Unprepared is unacceptable”

The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how

Michael Gersitz April 2, 2021 External Articles Read more

Why there are so few real estate agents of color

Sudi Hernandez, Cloud 9 Real Estate, Amy Kong, Trust Real Estate, Shawneequa Badger Corcoran Group (Left to Right) Sudi Hernandez of Cloud 9 Real Estate Group loses leads when a client hears her Cuban accent. James Dunn of eXp Realty

Michael Gersitz April 2, 2021 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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