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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Baltimore Real Estate Market Trends & Investment Overview 2021

Is Baltimore going to be a sizzling real estate market for investors over the next twelve months? According to NeighborhoodScout’s data, Baltimore’s appreciation rate has been at or slightly above the national average over the last twelve months, at 6.00

News Bot July 15, 2021 External Articles Read more

Homes With Light Blue Bathrooms, Dark Blue Bedrooms Could Sell for Up to $4,698 More Than Expected

New Zillow research finds pale interior paint colors are more likely to increase a home’s sale price, but bright interior paint colors can capture a buyer’s attention. Go to Source Author:

Michael Gersitz July 15, 2021 Zillow Articles Read more

For the housing market, look at bonds over MBS

This is the first time I am writing about mortgage backed securities (MBS) because I hardly ever consider this aspect of the housing market in my work. But since now even Federal Reserve members are discussing the pros and cons

Michael Gersitz July 13, 2021 External Articles Read more

Is NAR ready to rumble with DOJ?

Lisa Dunn was on her way to the American Automobile Association headquarters in Mission Viejo, California when her phone started blowing up. It was July 1, and the U.S. Department of Justice had just fired off a press release saying

Michael Gersitz July 13, 2021 External Articles Read more

How fine-tuning MSR valuations can help lenders improve decision-making

Over the course of the last year, the mortgage industry has seen increases in origination volumes and decreases in released servicing bids. This has caused servicing portfolios to grow to represent the largest single asset on many lenders’ balance sheets,

Michael Gersitz July 13, 2021 External Articles Read more

Redfin: Bidding wars drop slightly in June

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Per a recent Redfin study, 65% of home offers written by company agents in June faced competition,

Michael Gersitz July 13, 2021 External Articles Read more

Compass is Guaranteed Rate’s latest dance partner

Guaranteed Rate has found another dance partner. And Compass is borrowing from the playbook of its most visible direct competitor. Guaranteed Rate, the Chicago-based mortgage lender, and Compass, the New York City-headquartered residential real estate brokerage, “entered into a definitive

Michael Gersitz July 13, 2021 External Articles Read more

Better.com to acquire UK-based digital mortgage brokerage

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times

Michael Gersitz July 13, 2021 External Articles Read more

For many Hispanics, homeownership built on family support

Hispanic homeowners are more likely to have adult relatives currently living with them — and are more likely to have lived with relatives themselves, prior to buying their home. Per a recent Redfin study of 1,500 homeowners, 52% of current

Michael Gersitz July 13, 2021 External Articles Read more

HUD finally confronts decades of staffing shortages

The Department of Housing and Urban Development (HUD) announced it has filled another round of positions, as it confronts decades of staffing shortages. “These talented and diverse individuals join HUD ready to deliver results for the American people by tackling

Michael Gersitz July 13, 2021 External Articles Read more

Forbearance exits are speeding up

Servicers’ forbearance portfolio volume dropped yet again, this time falling 11 basis points to 3.76% in the period ending July 4, according to a survey from the Mortgage Bankers Association.  It’s the 19th straight week of forbearance decreases. The MBA estimates that 1.9 million homeowners

Michael Gersitz July 13, 2021 External Articles Read more

New Homeowners Can Spend Nearly $30K on Unexpected But Common Projects

New research from Thumbtack and Zillow finds millennial home shoppers are most excited about personalized projects, like interior painting, and least excited about high-stakes projects, like roofing repairs. Go to Source Author:

Michael Gersitz July 13, 2021 Zillow Articles Read more

Homes are selling well over listing prices as buyers compete against each other

In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs, buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing

Michael Gersitz July 12, 2021 External Articles Read more

Home prices accelerating in areas without mass transit

As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The median home-sale price in car-dependent areas, nationwide,

Michael Gersitz July 12, 2021 External Articles Read more

Demo Day: Propertybase

Propertybase Propertybase is the leading global provider of real estate and mortgage software. In an ever-more competitive market, it’s important for brokerages to utilize streamlined, collaborative technology. But we’re more than just software. With SEO and digital marketing services to

Michael Gersitz July 12, 2021 External Articles Read more

Real estate is a people business, but automation can help

The news is filled with talk of real estate. Bubbles have that effect. We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets.    In the U.S. real estate market,

Michael Gersitz July 12, 2021 External Articles Read more

Biden renews push for housing in infrastructure plan

Housing has returned to center stage in the Biden administration’s push for an additional infrastructure plan. President Joe Biden said this week that he planned to make an “historic investment” in affordable housing, by building and rehabilitating more than two

Michael Gersitz July 12, 2021 External Articles Read more

Digital mortgage provider LoanLogics bought by Sun Capital

Jacksonville, Florida-based Sun Capital Partners Inc. announced the acquisition of LoanLogics, a digital mortgage solutions provider and fellow Jacksonville-based company. Terms of the private transaction were not disclosed. The LoanLogics platform provides technology automation for mortgage document processing and data-driven audit

Michael Gersitz July 12, 2021 External Articles Read more

Preparing for millions of minority homebuyers

Since day one of my mortgage career, my main role was to help Hispanic borrowers with responsible lending. For the past 21 years, I have been deeply entrenched in truly understanding the unique needs and cultural nuances of homebuyers with

Michael Gersitz July 12, 2021 External Articles Read more

Real Estate Tech Demo Day: BoomTown

BoomTown BoomTown has all the tools, technology, and teams you need for real estate  success. It’s the only solution that generates and manages your leads, with  300+ experts at your back. Our lead generation, consumer websites, CRM,  lead qualification services,

Michael Gersitz July 12, 2021 External Articles Read more

Real Estate Tech Demo Day: Home Lending Pal

Home Lending Pal HLP is a delivery engine for ready to underwrite applicants with validated financial and credit information #1 Only non-loan originating company to show FICO scores directly to consumer #2 Create a safe space for consumers to determine

Michael Gersitz July 12, 2021 External Articles Read more

Sandy Tams 2000’s- The Decision that Saved My Career

By the start of the 2000s, there had been numerous technological advances that changed the landscape of real estate as we knew it. In hearing some of the stories of our #relentless throughout the decades, we’ve seen how from the

Michael Gersitz July 12, 2021 External Articles Read more

Real Estate Tech Demo Day: Qualia

Qualia Deliver an end-to-end consumer homebuying experience with Qualia Scale. Scale is a simple way for real estate tech companies to build custom, on-brand, and modern closing experiences using Qualia’s flexible infrastructure. #1 75% of buyers and sellers expect real-time

Michael Gersitz July 12, 2021 External Articles Read more

What You Need to Know About Septic Inspections When Selling Your Home?

If you are planning on selling your home, you might be wondering if you need a septic inspection. Fortunately, this is not uncharted territory. In fact, more than 1 in 5 homes in the United States rely on a septic

News Bot July 12, 2021 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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