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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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Norad

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Unemployment Fears Hit Pandemic Levels: Highest Since April 2020

Have you noticed a nagging worry in the back of your mind lately? It’s not just you. According to a recent survey, unemployment fears are on the rise, hitting levels we haven’t seen since the early days of the COVID-19 pandemic. Despite

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Top 10 Cities Where Home Prices Have Crashed Since 2024

Want to know where home prices are dropping the fastest? Well, the top 10 cities where home prices have crashed or fallen the most since last year are spread across the US, from New Jersey to California, with some areas seeing

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Mortgage Rate Predictions for This Week: Expect Volatility, Not Relief

Are you glued to your screen, refreshing for some good news on mortgage rates? Well, for the week of April 14-21, 2025, don’t expect a dramatic drop. The truth is, mortgage rate predictions are pointing towards continued volatility, with rates likely hovering

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Mortgage Rates Go Down Below 7%: Should You buy or Refinance?

Are you dreaming of owning a home or perhaps considering a refinance? Well, there’s some good news to share! As of today, mortgage rates have gone down below the 7% mark. According to recent data from Zillow, the 30-year fixed purchase rate

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Top 10 Most Ghetto Cities in California: Dangerous Cites to Live

California is known for its beautiful landscapes, sunny beaches, and booming tech industry. However, it also has its fair share of dangerous cities with high crime rates. While some cities in California are known for their safety and security, others

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How Does Buying a House in Cash Affect Taxes?

The dream of owning a home is a powerful one, fueled by the promise of stability, equity, and a place to call your own. But for many, the financial hurdle of a mortgage can seem daunting. Enter the idea of

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How Much Does a Realtor Make on a 100,000 Sale?

A realtor’s income depends on the commission rate they charge and the commission split they have with their brokerage. The commission rate is usually a percentage of the home’s sale price, and it can vary by location, market conditions, and

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How Much Does a Realtor Make on a $500 000 Sale?

Selling a home is a significant financial decision, and it’s natural to wonder how much your realtor will earn from the transaction. The compensation structure for real estate agents can seem complex, but understanding the basics can help you negotiate

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Are High Interest Rates a Ticking Time Bomb for the Housing Market?

Are high interest rates a ticking time bomb for the housing market? In a word, yes, but it’s a complex situation. While the housing market isn’t about to explode overnight, the sustained pressure of elevated interest rates – currently hovering near

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Expect High Mortgage Rates Until 2026: Fannie Mae’s 2-Year Forecast

If you’re holding out hope for a big drop in mortgage rates in 2025, I’ve got some news: don’t count on it. According to Fannie Mae’s January 2025 Economic Developments report, mortgage rates aren’t expected to decrease significantly in the coming year. They

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Today’s Mortgage Rates February 1, 2025: Rates Drop Again

As of February 1, 2025, mortgage rates are hovering in the mid-6% range, providing potential homebuyers and those looking to refinance with a clearer picture of what to expect in today’s market. With current rates at 6.59% for a 30-year fixed mortgage and 5.89%

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Las Vegas Housing Market: Trends and Forecast 2025-2026

The current Las Vegas housing market trends show a mixed bag of indicators, but overall, the market is showing signs of stabilization with modest growth. While the median home price saw a slight decrease in December 2024, the year ended with a

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Today’s Mortgage Rates January 31, 2025: Rates Drop, Key Trends

As of January 31, 2025, today’s mortgage rates are seeing a slight decrease compared to previous weeks, with the average 30-year fixed mortgage rate now standing at 6.96%. This reduction is significant for potential home buyers and those considering refinancing, as

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Fed’s Meeting in January 2025: Impact on Mortgage Rates

The January 2025 Federal Reserve meeting had a significant impact on mortgage rates, though not in the way many might have expected. The Fed decided to hold interest rates steady, which led to a slight increase in mortgage rates due to

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Boulder Housing Market: Prices, Trends, Forecast 2025-2026

The Boulder housing market is a perennial topic of interest for potential homeowners, investors, and real estate professionals. Renowned for its picturesque settings, vibrant community, and proximity to tech hubs, Boulder, Colorado, continues to attract buyers. If you’re wondering about the

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Mortgage Rates Forecast for the Next 3 Years: 2025 to 2027

If you’re anything like me, you’re probably glued to the news, trying to figure out what’s going to happen with mortgage rates. Buying a home is a huge deal, and the interest rate can make or break your budget. So,

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Pending Home Sales Trends and Forecast 2025-2026

Ever wondered what those “pending” signs really mean when you see them popping up in your neighborhood? It’s more than just a house about to be sold, pending home sales are a crucial economic indicator that can tell us a lot about

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30-Year Mortgage Rate Falls Below 7% to Close January 2025

Yes, you read that right. Mortgage rates have dipped below the 7% mark, offering a small glimmer of hope to those of us who’ve been watching the housing market with bated breath. For the first time in what feels like an

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Interest Rate Predictions for Next 2 Years: Expert Forecast

If you’re buying a house, refinancing a mortgage, or just keeping an eye on your wallet, understanding the Federal Reserve’s interest rate decisions is crucial. These rates affect everything from borrowing costs for cars and homes to the returns you

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Birmingham Real Estate Investing: Hot Investor Properties in 2025

Are you looking for a smart place to invest your money in real estate? Well, let’s cut to the chase – Birmingham, Alabama is shaping up to be a prime spot for rental property investments in 2025. Forget the hype; this

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Should I Buy a House Now or Wait Until 2025: Expert Insights

Let’s be honest, the decision of whether to buy a house now or wait until 2025 is a big one. It’s a decision that impacts your financial future, your lifestyle, and your overall well-being. In my opinion, based on the current market

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California Housing Market Roars Back: Biggest Sales Jump Since 2021

The California housing market is experiencing its largest annual sales increase in November 2024 since June 2021, despite remaining below pre-COVID levels. According to the California Association of REALTORS® (C.A.R.), single-family home sales showed a 19.5% growth year-over-year, although the

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Housing Market Predictions for the Next 4 Years: 2025 to 2028

As we look toward the future, experts predict a significant evolution in the housing market, particularly regarding home prices. The latest insights from Fannie Mae’s Home Price Expectations Survey (HPES) reveal an intriguing market for homeowners and investors alike. This survey,

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10 Cheapest Places to Buy a House With Land in 2025

If you’re looking for a house with land in the US, you might be wondering where you can find the best deals. Buying a house with land can offer many benefits, such as more privacy, space, and potential for farming

News Bot December 30, 2024 External Articles Read more
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  • Michael Gersitz
  • Phone: (716)870-5786
  • Office: (716)302-5222
  • Email: michael.gersitz@signature-wny.com
  • Website: michaelgersitz.com
  • Mailing Address: 2468 Niagara Falls Blvd, Suite #5

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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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