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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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News

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OJ Rodriguez 2010’s- “Keeping up with the times.”

For many decades, whether it was from a television commercial, a newspaper advertisement, a yard sign, or from our signature gold blazers, CENTURY 21 Real Estate had become a household name. We’ve been sharing the stories of our #relentless, who’ve

Michael Gersitz August 4, 2021 External Articles Read more

Home prices are still rising, but relief for buyers is coming

Home prices continue to increase as national inventory levels remain low heading into August. But relief for buyers could be coming in the next 12 months. Home prices increased 2.3% from May to June, and 17.2% year-over-year, according to the

Michael Gersitz August 4, 2021 External Articles Read more

How to Buy a Home Without a Real Estate Agent

While it may not be for everyone, it’s possible to buy a house without a realtor. Whether you’re looking into buying an investment property or are a first-time homebuyer, here are questions to ask when buying a house without a

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LoanDepot increases market share, but profits sink in Q2

The purchase market reigned supreme in the second quarter of 2021, and multichannel lender loanDepot reported a 31% increase in purchase mortgage transactions from the prior quarter. But the lender’s gain-on-sale margin and net income fell significantly during the second

Michael Gersitz August 4, 2021 External Articles Read more

Passive Income Ideas 2021: Best Streams To Make Passive Income

There has never been a better moment to discover how to make passive income. Your income has a significant impact on your lifestyle and degree of comfort. If you’ve just discovered that your salary is no longer sufficient to support

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Selling an Inherited House: The Stress-Free Guide

Inheriting a house from a loved one can be a wonderful gift and a challenging situation to navigate all at the same time. Depending on the circumstances, you may have a few options on what you can do with the

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Fannie Mae lifted by low rates, purchase mortgages in Q2

Fannie Mae continues to reap the rewards of low mortgage rates as it posted a net income of $7.2 billion for the second quarter of 2021, up from $5 billion in the first quarter. Refinances continued to account for the

Michael Gersitz August 4, 2021 External Articles Read more

Mortgage lenders are loosening standards on jumbos

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. The quarterly survey found that banks loosened their underwriting standards

Michael Gersitz August 2, 2021 External Articles Read more

Are homebuilders burning bridges with real estate agents?

Alanna Strei of eXp Realty in San Diego and Cornerstone Communities’ new San Diego townhouses Real estate agent Alanna Strei’s client wanted to check out “Tesoro Vista Del Sur,” 134 newly built townhouses in the Ocean View Hills area of

Michael Gersitz August 2, 2021 External Articles Read more

Mortgage fees to help pay for Biden infrastructure bill

The Senate is banking on extending mortgage fees that Fannie Mae and Freddie Mac indirectly charge to consumers to help pay for traditional infrastructure. According to legislative text publicly shared for the first time today by the U.S. Senate, renewing

Michael Gersitz August 2, 2021 External Articles Read more

Fannie and Freddie forbearance numbers dip again

Servicers’ forbearance portfolio volume fell yet again, this time dipping a single basis point to 3.47% from 3.48% last week, according to a survey from the Mortgage Bankers Association.  According to MBA’s estimate, 1.74 million homeowners are still in forbearance plans. The share

Michael Gersitz August 2, 2021 External Articles Read more

eClosing special reports

The COVID-19 pandemic forced the mortgage industry to digitize transactions that were once completely done in-person. And while technology has streamlined the industry, many housing professionals are still hesitant to exist in a digital landscape. This is partly due to

Michael Gersitz August 2, 2021 External Articles Read more

Doma goes public, but investors cash out early

Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. Backers said in March that they expected the SPAC merger to raise $645 million in

Michael Gersitz August 2, 2021 External Articles Read more

RON legislation passed in Illinois, New Jersey, Oregon

The use of remote online notarization is now permitted in Illinois, New Jersey and Oregon, bringing the number of states with RON legislation up to 37. Legislation is also pending in New York and New Hampshire, according to the American

Michael Gersitz August 2, 2021 External Articles Read more

Presenting HousingWire’s 2021 Women of Influence

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and

Michael Gersitz August 2, 2021 External Articles Read more

Notarize offers its users digital identity proofing and authentication services for eClosings

Due to the COVID-19 pandemic, the world rushed to digitize and transactions that once happened in person were forced online. And while the housing market continued to surge amid these changes, some people were still hesitant to do business in

Michael Gersitz August 2, 2021 External Articles Read more

With Encompass eClose from ICE Mortgage Technology, all eClosing steps can be completed within one workflow

Mortgage lenders are looking for ways to accelerate the digital mortgage process and deliver a one-of-a-kind experience for borrowers. ICE Mortgage Technology’s Encompass eClose allows lenders to electronically order documents, collaborate with settlement agents and partners, eSign documents with borrowers,

Michael Gersitz August 2, 2021 External Articles Read more

What is an iBuyer? What to Know Before You Sell Your Home to One

When the time comes to sell your home, there are several decisions you’ll be faced with – including which type of transaction works best for you. Should you hire a licensed real estate agent, sell your home without an agent,

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Should You Sell Your House for Cash? What to Know About Cash Offers

There are numerous reasons why you may be thinking about selling your home, whether it’s because you’re moving to a new city, downsizing to a condo, or wanting to tap into your home’s equity. But if you’re looking to sell

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Tucson Real Estate Market & Investment Overview 2021

Southern Arizona’s real estate market has been booming, and housing experts predict positive trends in the Tucson housing market in the second half of 2021. Tucson’s real estate market made headlines a decade ago for reaching incredible highs before the

News Bot July 31, 2021 External Articles Read more

California Real Estate Market Remains Hot in June 2021

  The California housing market ended the previous year on a high note as sales remained strong in December and the median house price reached another record high. The same momentum has been carried forward in 2021 as the housing

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US Housing Market Forecast 2021 & 2022: Crash or Boom?

Will the housing market crash? Let’s look at the most recent housing market trends and predictions for 2021 and 2022. We will discuss current overall real estate trends, price and rent increases, housing sales and supply, mortgage rates and delinquencies,

News Bot July 29, 2021 External Articles Read more

Creating a Podcast Room? 10 Expert Tips to Help You Get Started

For the podcast enthusiast, having a dedicated, comfortable, and quiet space to produce audio and video clips is essential to creating a successful podcast. From renovating a space to include noise buffering material to selecting the right equipment to achieve

News Bot July 29, 2021 External Articles Read more

Oakland homeowner alleges appraiser bias

An Oakland homeowner says the home valuation process failed her due to the color of her skin, according to a complaint filed with U.S. Department of Housing and Urban Development. Cora Robinson, who is Black, claims that appraiser Thomas Kearney

Michael Gersitz July 29, 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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