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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Atlanta Real Estate Market Overview 2020

This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Metro Atlanta housing market has experienced a smooth recovery by far. The market has not only returned to pre-COVID-19 levels in the

News Bot October 3, 2020 External Articles Read more

Condo Prices Climb 5.4% in August, Lagging 11.9% Growth for Single-Family Homes

Remote work, the desire for privacy and record-low mortgage rates make single-family homes more desirable during the coronavirus pandemic. But condos could make a comeback if single-family home prices continue to surge. Condo sale prices in the U.S. increased 5.4%

News Bot October 3, 2020 External Articles Read more

Better.com’s Vishal Garg talks the future of banking, tech stacks and a customer-friendly IPO

Though he wouldn’t comment on recent reports that he is raising $100 million in capital at a $4 billion valuation, Better.com CEO Vishal Garg had no qualms on Thursday in outlining his vision for an eventual public debut. Garg, a

Michael Gersitz October 3, 2020 External Articles Read more

Sellers still direct a hot housing market but fall cooling approaches

This Zillow Weekly Market Report includes housing market data as of the week ending Sept. 26 Go to Source Author:

Michael Gersitz October 2, 2020 Zillow Articles Read more

How one mortgage servicing company is prioritizing home retention during economic uncertainty

Nearly two years ago, Ocwen acquired PHH Corporation, and Glen Messina became the president and CEO of the newly combined companies. Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH

Michael Gersitz September 30, 2020 External Articles Read more

Howard Hanna acquires New York brokerage Rand Realty

Howard Hanna Real Estate Services closed a huge deal late Tuesday, announcing a strategic partnership with Rand Realty, giving the massive independent brokerage a sizable foothold in the booming suburbs of New York City. The financial terms of the deal,

Michael Gersitz September 30, 2020 External Articles Read more

Urban Institute’s Laurie Goodman to speak at HousingWire Annual Oct. 8

This year has been a numbers game. How low are the rates this week? How long will borrowers be in forbearance? Will the next stimulus bill be enough? The pandemic has created a long list record-breaking figures, but behind all

Michael Gersitz September 30, 2020 External Articles Read more

Altisource expands servicing to handle forbearance overflow

Altisource Portfolio Solutions, a provider of real estate, mortgage and foreclosure services, said it has expanded its Texas operations center to handle the overflow from home-loan servicers trying to cope with customers requesting forbearances. The Luxembourg-based company said it is

Michael Gersitz September 30, 2020 External Articles Read more

Moving Checklist: Everything You Need to Know for a Smooth Move

So you’ve navigated the housing market, found the perfect home, and signed on the dotted line. All that’s left now is moving into your new home. Well, we won’t lie to you — moving is no small feat. Between decluttering,

News Bot September 30, 2020 External Articles Read more

Despite hardships from pandemic, 40% of Latinos still plan to become homeowners: survey

The American dream of owning a home remains resilient in Latino communities despite high unemployment, high COVID-19 infection rates, and greater loss or reduction of income compared to non-Hispanic Whites, according to a new survey. The August survey from the

Michael Gersitz September 30, 2020 External Articles Read more

Pending home sales at an all-time high! Now what?

Riddle me this: How can home sales grow when we have no homes to buy? When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand. But

Michael Gersitz September 30, 2020 External Articles Read more

No housing market slowdown as real estate agents report a busy fall

Realtors can usually count on their biggest season being spring, followed by summer. But nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season. However, homebuyers were still incredibly

Michael Gersitz September 30, 2020 External Articles Read more

UWM to knock 50 bps off VA IRRRL loans

United Wholesale Mortgage (UWM) announced on Wednesday that it would offer a 50 bps discount on all VA interest rate reduction refinance loans (IRRRL) through Veterans Day on Nov. 11. The company, which is the nation’s largest wholesale lender and

Michael Gersitz September 30, 2020 External Articles Read more

ALTA ONE to address changing times for title professionals

The American Land Title Association, which represents more than 6,400 title insurance companies, title and settlement agents, independent abstractors, title searchers and real estate attorneys, announced it will hold its ALTA ONE event virtually for the first time. The association

Michael Gersitz September 30, 2020 External Articles Read more

Stewart Title hits growth spurt with recent addition of 600 employees

HousingWire spoke to Stewart Title CEO Fred Eppinger about the company’s new focus on growth, recent strategic moves and how it’s reframing the way it does business. HousingWire: What inspired the current brand refresh for Stewart? Fred Eppinger: Stewart was

Michael Gersitz September 30, 2020 External Articles Read more

Jornaya’s Mike Eshelman to speak at HousingWire Annual Oct. 8

Consumer attitudes have changed significantly since the onset of the pandemic, and companies that are dealing with outdated perspectives — anything before March — are going to find it hard to connect. That’s why we’ve invited Mike Eshelman, head of consumer finance

Michael Gersitz September 29, 2020 External Articles Read more

Home-price index gains the most since 2018

The S&P CoreLogic Case-Shiller index of home prices in 20 U.S. cities gained 3.9% in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. The

Michael Gersitz September 29, 2020 External Articles Read more

Making every loan a green loan

In August, a group of distinguished climate scientists from the United Kingdom released a report indicating that over 28 trillion tons of ice had melted and disappeared from the earth’s surface since 1994. This is important because it reinforced predictions

Michael Gersitz September 29, 2020 External Articles Read more

Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook

Housing experts and economists have grown more bullish on the housing market in the near term, but expect economic headwinds to persist, dampening the long-term outlook, a new survey shows Go to Source Author:

Michael Gersitz September 29, 2020 Zillow Articles Read more

Federal regulators finalize appraisal and capital liquidity rules

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency finalized two rules on Tuesday that were initiated in the early days of the COVID-19 pandemic. These

Michael Gersitz September 29, 2020 External Articles Read more

New Forecast Sees Sales Peak This Fall, Stay Above Pre-Pandemic Levels Through the Coming Year

This Zillow Weekly Market Report includes a forecast by Zillow economists and housing market data through the week ending Sept. 19 Go to Source Author:

Michael Gersitz September 29, 2020 Zillow Articles Read more

Startup profile: Arturo

Taken from the September issue of HousingWire Magazine, Arturo is an artificial intelligence property analytics company looking to improve decision making. The company launched in 2018 and has already expanded to the U.S., Canada, Australia and New Zealand, with expansion

Michael Gersitz September 29, 2020 External Articles Read more

Consumer confidence posts biggest surge in 17 years

Consumer confidence, a key measure in gauging whether people are willing to make big-ticket purchases like homes, surged the most in more than 17 years during September, surpassing the expectations of economists. The gauge rose to 101.8, the highest level

Michael Gersitz September 29, 2020 External Articles Read more

San Francisco Bay Area Real Estate Market Overview 2020

This article has been updated to reflect recent changes in the San Francisco housing market. San Francisco consistently ranks among the most expensive real estate markets in the world, and it is one of the most densely populated cities in

News Bot September 29, 2020 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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