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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Mortgage rates decline following debt ceiling deal 

The U.S. debt ceiling impasse was solved when President Joe Biden signed a bill on Saturday to suspend the $31.4 trillion limit until January 2025 and cap government spending. It alleviated some pressure on mortgage rates, which declined over the

Michael Gersitz June 8, 2023 External Articles Read more

Transform Your Space on a Budget: Weekend Home Projects Under $200

As homeowners, who doesn’t love the idea of improving our living spaces, especially when you can do it for under a couple hundred dollars? The great news is that there are several do-it-yourself weekend projects that can quickly transform your

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Is Las Vegas a Good Place to Live? 11 Pros and Cons to Help You Decide

Las Vegas, with its glitz, glamor, and vibrant entertainment scene, has long been synonymous with a thrilling vacation destination. However, when it comes to choosing a place to call home, many wonder if Las Vegas truly offers a desirable living

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Tennessee Housing Market: Prices, Trends, Forecast 2023

The Tennessee housing market has experienced fluctuations in home prices and sales volume. While prices have decreased compared to the previous year, certain cities have seen significant growth in sales prices. The availability of homes for sale has increased, but

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10 Fun Facts About Columbus, OH: How Well Do You Know Your City?

Welcome to Columbus, Ohio, a city with a rich history, vibrant culture, and a host of intriguing facts waiting to be discovered. Whether you’re a lifelong resident or you just rented an apartment in Columbus, it’s time to put your

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Is the sinking housing market finally at the bottom?

It’s been a brutal 15-month period for the housing market since the Federal Reserve began escalating its benchmark interest rate in March 2022 to combat rising inflation.  Since then, the Fed has bumped rates 10 times, effectively putting the brakes on what

Michael Gersitz June 8, 2023 External Articles Read more

Art, History, and Culture Unveiled: Explore 4 Unique Museums in Spokane

Nestled in the heart of the Pacific Northwest, Spokane, WA, boasts a rich cultural scene, with a variety of museums that cater to diverse interests. From art enthusiasts to history buffs and science lovers, this vibrant city offers an array

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Encompass by ICE Mortgage Technology delivers an all-in-one workflow for omnichannel lenders

It’s important for today’s lenders to be as agile, efficient and scalable as possible to adapt to consumer preferences and fast-changing market conditions. Encompass by ICE Mortgage Technology is the industry’s most complete end-to-end solution that provides the flexibility and

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Is Naples, Florida a Good Place To Live? 10 Pros and Cons to Consider

Nestled on the picturesque Gulf Coast of Florida, Naples has long been regarded as a captivating destination renowned for its pristine beaches, vibrant cultural scene, and luxurious lifestyle. As you contemplate the idea of moving to Naples, it is crucial

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For the title industry, new tech means new opportunities for fraudsters

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud, criminals looking for larger paydays have

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Is Scottsdale, AZ, a Good Place to Live? 9 Pros and Cons to Help You Decide if Scottsdale is the City for You

If you’re contemplating a move to Scottsdale, Arizona, it’s important to weigh the pros and cons before making a decision. Known for its warm weather, vibrant arts scene, and stunning desert landscapes, Scottsdale offers a unique living experience. If you’re

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Median income earners can only afford 25% of current listings

It is no secret that housing inventory is low. As of June 2, there were 433,104 single family homes on the market nationwide, according to data from Altos Research. And while this situation is certainly far from ideal, according to

Michael Gersitz June 8, 2023 External Articles Read more

Hidden costs of homeownership can add up to nearly $15,000 annually

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Michael Gersitz June 1, 2023 Zillow Articles Read more

More than 4 in 5 adults support building more homes in their neighborhood to boost housing affordability

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Michael Gersitz May 31, 2023 Zillow Articles Read more

Asian and Pacific Islander-headed households face higher housing payment burdens than any other race

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Michael Gersitz May 26, 2023 Zillow Articles Read more

Jacksonville Housing Market: Prices, Trends, Forecast 2023

Jacksonville is currently a seller’s real estate market. Jacksonville’s housing market has an ideal environment for investors, especially for turnkey real estate investments. Experts predict a positive trend in the near future and buying a property in Jacksonville appears to

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3 Things Every Real Estate Investor Should Know

Real estate investment isn’t like any other kind of investment. Yes, at the core of all investments, there’s money and risk involved. But the major difference is that in real estate investing, you are responsible for the work required to

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Benefits of Investing in New Construction Real Estate

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. Resale properties are more often than not purchased directly from the homeowner who has

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What is Cash on Cash Return in Real Estate?

Cash on cash return (CoC) is a measure of the cash flow from a real estate investment, expressed as a percentage of the initial cash investment. It is used to evaluate the profitability of a rental property or other real

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Advantages of Real Estate: Why Should You Invest in It?

Real estate is a rare investment vehicle. It provides people with a place to live while working as an investment.  What’s more, this investment offers a very powerful wealth-building combination of returns. Real estate offers a combination of benefits that

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Mr. Cooper to acquire Home Point Capital for $324M in cash

Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations.  Rumors that Mr.

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CPI report is good news for mortgage rates

The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve, which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price

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Flueid integrates with Encompass to fuel loan originations

Flueid, a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. This integration allows lenders to access Flueid’s title data and insights during the

Michael Gersitz May 11, 2023 External Articles Read more

Minnesota legislature approves $1B affordable housing bill

The Minnesota State House of Representatives and Senate approved sweeping new housing legislation this week totaling $1 billion, which is designed to address affordable housing access and down payment issues for first-time home buyers. Housing advocates estimate that roughly 5,000

Michael Gersitz May 11, 2023 External Articles Read more
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  • Michael Gersitz
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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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