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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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News

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Existing home sales increase for the fifth month in a row

Existing home sales grew for the fifth consecutive month in October, up 4.3% from September to a seasonally adjusted annual rate of 6.85 million, according to a report from the National Association of Realtors on Thursday. Compared to last October,

Michael Gersitz November 20, 2020 External Articles Read more

Terrazzo flooring has stood the test of time, enduring for centuries as a durable and versatile surface.

To arrive in Venice for the first time is to be transported into a completely unique world—a city of gothic buildings floating on water, where grand palaces and churches stand above the ubiquitous canals, and an array of building materials

Michael Gersitz November 20, 2020 External Articles Read more

Knock’s Home Swap solution expands to North Carolina

Homeowners in Charlotte, North Carolina and Raleigh, North Carolina can now use Knock Home Swap to purchase their new home before selling their old one. The solution is now available in 11 markets in six states. Home Swap is offered

Michael Gersitz November 19, 2020 External Articles Read more

Are borrower-assisted inspections here to stay?

HousingWire recently spoke with CoreLogic’s Chief Appraiser Shawn Telford about re-examining traditional appraisal workflows in light of the changes brought on by COVID-19. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and

Michael Gersitz November 18, 2020 External Articles Read more

FHFA issues Final Capital Rule for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) released its Final Capital Rule Wednesday for mortgage giants Fannie Mae and Freddie Mac as it continues to work toward ending conservatorship. The final rule mandates that the GSEs maintain tier 1 capital in

Michael Gersitz November 18, 2020 External Articles Read more

Title technology is critical for digital mortgage success

At the Notarize Rewired event Wednesday on the panel, Home Buying After COVID, four experts talked about some of the largest pain points in the title industry. When asked if they could change one thing, or “wave a magic wand,”

Michael Gersitz November 18, 2020 External Articles Read more

Texas homeownership rate reaches an all-time high

The homeownership rate in Texas rose to an all-time high of 70% in the third quarter, exceeding the national metric for the first time since 2012, according to a report from the Texas A&M Real Estate Center. Texas home sales

Michael Gersitz November 18, 2020 External Articles Read more

The Hawaii housing market heats up

Real estate agents across the country have made it clear – low inventory and low mortgage rates have kept them busy throughout the pandemic, especially in typical vacation destinations. That trend is holding true for the housing market in Hawaii,

Michael Gersitz November 18, 2020 External Articles Read more

Increase in housing starts has construction playing catch-up

Single-family housing starts gained for the sixth consecutive month in October on an annualized pace not seen since April 2007, a Census Bureau report released Wednesday revealed. Housing starts overall rose 4.9% in October compared to September’s pace and to

Michael Gersitz November 18, 2020 External Articles Read more

The 10 most popular cities for out-of-town homebuyers

Out-of-town moves are on the rise, and it’s largely thanks to the pandemic. Some homebuyers are looking to move closer to friends and family, while others are simply on the hunt for more space and a break from cramped urban

Michael Gersitz November 18, 2020 External Articles Read more

Here’s what to expect in the mortgage application process

Home shoppers and sellers are flooding the market with demand, creating recording-breaking volume and unique opportunities for people looking to get in on the action. With both parties in the home-buying process fueling the market, there are plenty of success

Michael Gersitz November 18, 2020 External Articles Read more

Portland Real Estate Market Trends & Investment Overview

The Portland housing market is sizzling hot. Despite the economic slowdown caused by the pandemic, the Portland real estate market continues to connect buyers to sellers. In October, 3155 residential properties in Portland metro area changed hands, according to the

News Bot November 18, 2020 External Articles Read more

What is a Mortgage and How Do They Work?

As a first-time homebuyer, you might be confused or even bewildered by the mortgage process and its many moving parts. Here’s what you need to know about what a mortgage is and how it works for all parties – when

News Bot November 18, 2020 External Articles Read more

Mortgage applications see slight decrease, despite purchase gain

[CORRECTION: The story has been updated to reflect that the MBA projects $3.39 trillion instead of $3.9 trillion] Mortgage applications decreased 0.3% last week, following a 0.5% drop from the beginning of November, according to a report from the Mortgage

Michael Gersitz November 18, 2020 External Articles Read more

Gen Z Renters Moving Out and Moving Up

More young adults return to the rental market, drawn in by deals and driving a desire for virtual tools Go to Source Author:

Michael Gersitz November 18, 2020 Zillow Articles Read more

Trump nominates Brian Brooks for head of OCC

After six months of filling the position temporarily, Brian Brooks, current acting head for the Office of the Comptroller of the Currency (OCC), announced on Tuesday that President Donald Trump intends to nominate him to serve as the 32nd Comptroller

Michael Gersitz November 17, 2020November 17, 2020 External Articles Read more

NAR’s Yun expects a brisk winter housing market

This year has been full of surprises, but the biggest might be how exceptional the housing market is performing, National Association of Realtors Chief Economist Lawrence Yun said on Tuesday. In a panel at the NAR 2020 Realtors Conference and

Michael Gersitz November 17, 2020 External Articles Read more

These are the top RON trends to watch for in 2021

In 2020, remote online notarization became one of the key technologies being discussed among mortgage professionals. So what does 2021 have in store for RON? There are many different thoughts on what 2021 could bring for the eClosing technology (and

Michael Gersitz November 17, 2020 External Articles Read more

Realogy Franchise Group promotes Susan Yannaccone to president and CEO

The largest owner of U.S. real estate brokerages and franchise brands, Realogy Holdings Corp., has announced the appointment of Susan Yannaccone as president and chief executive officer of Realogy Franchise Group, effective Nov. 30. Yannaccone joined Realogy in 2015 as

Michael Gersitz November 17, 2020 External Articles Read more

Real estate tech roundup: Shaker, zavvie and Homie

Indianapolis-based High Alpha has launched Shaker, a collaborative CRM and real estate transaction management platform. Through the platform, Shaker offers a suite of tools to streamline client communication and collaboration, including transaction management, client communication, predictive insights and a built-in

Michael Gersitz November 17, 2020 External Articles Read more

Builder confidence reaches 35-year high in November

The National Association of Home Builders and Wells Fargo Housing Market Index, measuring builder confidence, rose five points to 90 in November – the highest score the series has ever recorded since its inception 35 years ago and the third month in its history the score

Michael Gersitz November 17, 2020November 17, 2020 External Articles Read more

MBA predicts record purchase mortgage volume in 2021

The Mortgage Bankers Association on Tuesday released revised estimates for the third and fourth quarter of 2020 as well as predicting record purchase volume for 2021. Although The MBA expects decreased numbers of refinancings will lower overall origination next year

Michael Gersitz November 17, 2020 External Articles Read more

eOriginal launches hub for lenders to find RON partner

eOriginal announced the release of its new ClosingCenter 2.3, which includes a hub to connect lenders to the right remote online notarization partner. This move comes after a year of change for the title industry. RON has become the go-to

Michael Gersitz November 17, 2020 External Articles Read more

Why is the El Paso housing market so hot right now?

The Texas border town of El Paso, the state’s westernmost city with a population of less than 1 million, has experienced an enormous uptick in home purchases since March – the month that COVID-19 began shutting down businesses, forcing people

Michael Gersitz November 17, 2020 External Articles Read more
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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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