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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Fannie Mae lender letter expands its temporary policies

Fannie Mae sent out a lender letter Thursday announcing that it is extending the application deadline for it’s temporary policies until July 31, 2020. “We are extending the temporary policies in this lender letter to loans with application dates on

Michael Gersitz June 12, 2020 External Articles Read more

Haus raises $15.75 million in Series A round

Real estate tech company Haus has raised $15.75 million in Series A funding led by BlueRun Ventures. The funding round was also joined by Assurant Growth Investing, Leap Global Partners and RIT Capital. The company said the financing will be

Michael Gersitz June 12, 2020 External Articles Read more

Average U.S. mortgage rate rises to 3.21%

The average U.S. rate for a 30-year fixed mortgage rose three basis points to 3.21% this week, not far from the 3.15% all-time low set at the end of May. The average rate increased from 3.18% in the prior week,

Michael Gersitz June 12, 2020 External Articles Read more

Washington D.C-based Paragon Title looking to hire

Many companies continue to hire amid the pandemic as the unemployment rate declined 13.3% in May. One of those is Paragon Title, which is looking to add five to six employees to their real estate settlement staff. Founded in 1981,

Michael Gersitz June 12, 2020 External Articles Read more

Our Role in Fighting Racism

To Our Redfin Community: On May 31, Redfin joined many other people and companies denouncing racism and racial violence. We believe Black Lives Matter and we support police reform, but we’re writing today about a more fundamental responsibility our company

News Bot June 12, 2020 External Articles Read more

Redlining’s Legacy of Inequality: $212,000 Less Home Equity, Low Homeownership Rates For Black Families

The racist 1930s-era housing policy that effectively blocked Black families from obtaining loans continues to widen the wealth gap. Homeowners in redlined neighborhoods have earned 52% less in home equity than those in greenlined areas over the last 40 years.

News Bot June 12, 2020 External Articles Read more

Los Angeles Real Estate Market 2020 Overview

We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on the California

News Bot June 11, 2020 External Articles Read more

$726 Million in Rent at Risk as Gen Z Moves Back in with Parents During the Coronavirus Pandemic

2.7 million adults moved back into a parent’s home in March and April as unemployment soared Go to Source Author:

Michael Gersitz June 11, 2020 Zillow Articles Read more

HousingWire continues hiring during pandemic

Unlike many other media companies, HousingWire has continued hiring during the coronavirus pandemic. We’ve even had one of our recent hires, Alex Roha, featured in a ZipRecruiter ad! From “The Way I Heard It” with Mike Rowe HousingWire currently has

Michael Gersitz June 10, 2020 External Articles Read more

The critical role of Hispanics in revitalizing a post-pandemic housing market

In February, the U.S. Census Bureau released its homeownership report which indicated that 2019, like the four years that came before it, was a positive year for Hispanic homeownership. Hispanics have been driving homeownership growth in America for more than

Michael Gersitz June 10, 2020 External Articles Read more

[PULSE] What is a negative interest rate and how does it work?

Despite the Federal Reserve chairman’s aversion, negative rates increasingly possible, but not negative mortgage rates – yet. With central banks lowering interest rates to all-time lows, investors flooding into safe investments driving prices up (and yields down), and the need

Michael Gersitz June 10, 2020 External Articles Read more

Under fire, Carson says HUD will allow DACA recipients to get FHA mortgages

Ben Carson, secretary of the Department of Housing and Urban Development, told Congress on Tuesday that he supported Deferred Action for Childhood Arrival recipients being eligible for mortgages backed by the Federal Housing Administration. Carson initially denied in his testimony

Michael Gersitz June 10, 2020 External Articles Read more

Fed pledges to maintain current pace of MBS purchases

The Federal Reserve pledged on Wednesday to keep buying Treasuries and mortgage-backed securities to the tune of about $120 billion a month. There had been concern among economists about the Fed’s announcement at the end of April that it was

Michael Gersitz June 10, 2020 External Articles Read more

Interfirst Mortgage returns to originations after three-year hiatus

Interfirst Mortgage Co. has relaunched operations after a three-year hiatus with a two-pronged strategy featuring a new proprietary loan origination technology platform and a retooled business model incorporating both a wholesale platform and a new consumer-direct retail platform. Interfirst was

Michael Gersitz June 10, 2020 External Articles Read more

Assurant survey: 38% of renters will need relief in the next 90 days

Renters continue to feel the economic effects of the COIVD-19 pandemic and resulting job losses. Thirty-eight percent of renters in Assurant‘s MultiFamily Housing Renters Perspective Study said that they will need rent relief help during the next 90 days, and

Michael Gersitz June 10, 2020 External Articles Read more

Julie Schendel, SVP at Wells Fargo, to speak at engage.marketing tomorrow

As technology continues to develop and adapt, marketers have to be one step ahead of those changes to ensure the right message makes it into the right hands before the competition. That’s why we’ve invited Julie Schendel, senior vice president

Michael Gersitz June 10, 2020 External Articles Read more

Here’s how much unemployed service-sector employees owe in housing payments, despite benefits

Service-sector employees in the U.S. who are currently receiving unemployment benefits due to COVID-19, owe more than $1.7 billion in rent and mortgage payments each month, according to a report from Zillow. The latest unemployment data, released last week, shows

Michael Gersitz June 10, 2020 External Articles Read more

Mortgage applications jump 13%

Applications for purchase mortgages gained for the eighth consecutive week to a level that was 13% higher than a year ago as states continue to reopen across the country according to a report by the Mortgage Bankers Association. A seasonally

Michael Gersitz June 10, 2020 External Articles Read more

6 Austin Neighborhoods to Watch This Homebuying Season

Austin, Texas continues to grow in popularity and for good reason. Downtown Austin has so much to offer, with a big music scene, great restaurants with unique culture, awesome parks for biking and walking, and a collaborative tech environment. If

News Bot June 10, 2020 External Articles Read more

16 Staycation Ideas: How to Create the Ultimate Summer Vacation at Home

Summertime brings warmer weather, longer days, and dreams of vacations to beaches or new cities. But what happens when your vacation gets canceled, you’re budgeting to afford a new house, or travel just isn’t possible because we still need to

News Bot June 10, 2020 External Articles Read more

Newly Unemployed Service Workers Owe More Than $1.7 Billion a Month in Housing Payments

Federal and state aid are helping to plug gaps in the short term Go to Source Author:

Michael Gersitz June 10, 2020 Zillow Articles Read more

How to Plan the Perfect Patio

For many homeowners, the patio borders on magical: a place to relax, entertain, cook out and take a break from the day-to-day. It’s surrounded by vibrant hues, and a meal prepared in an outdoor kitchen somehow tastes better than anything

News Bot June 10, 2020 Zillow Articles Read more

How to Create Your Ultimate Outdoor Kitchen

As summer approaches and temperatures start to rise, no one wants to spend time inside sweating over a hot stove. With an outdoor kitchen, you can make the most of the beautiful warm nights by spending them with your friends

News Bot June 10, 2020 Zillow Articles Read more

Looking for a bargain? There’s still time to find houses that are “pandemic priced”

Home prices are responding to buyer demand in many parts of the country, but that doesn’t mean homebuyers can’t still find a bargain, especially for more expensive homes. According to the latest COVID-19 report from Weiss Analytics, thousands of home

Michael Gersitz June 9, 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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