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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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redfin

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Coastal Migrants Boost Las Vegas Home Prices, Up 8% in August, Amid High Local Unemployment Rate

People moving in from expensive cities and locals with changing needs are contributing to rising home prices and fast sales even as the tourism industry takes the brunt of the pandemic’s economic impact. The typical home-sale price in the Las

News Bot September 17, 2020 External Articles Read more

9 Things to Consider Before Moving to a Small Town

Are you finding yourself longing for small-town life lately? Are you looking to have more space, know your neighbors, and to just have a more relaxed way of living? Well, you’re not alone. In the wake of the coronavirus pandemic,

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Home Prices Rose 11% in August—Biggest Gain in Over 6 Years

The housing market in August resembled a game of musical chairs, as high home prices and low mortgage rates began to draw more sellers to the market: New listings climbed 5%, fueling a 30% increase in pending sales. The national

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Selling Your House: A Timeline of What to Expect

Selling a home has many moving parts, and whether you’re a first-time home seller or seasoned seller, the process can be daunting. In a perfect world, the home selling process would be stress-free, where you can list your house, find

News Bot September 17, 2020 External Articles Read more

RedfinNow Expands to Palm Springs

RedfinNow buys homes directly, giving homeowners liquidity, certainty and safety Homeowners in the Palm Springs area can now get a cash offer for their home from RedfinNow. By selling to RedfinNow, homeowners get the certainty of an all-cash offer direct

News Bot September 15, 2020 External Articles Read more

Black Homebuyers Face Steeper Price Increases, Sharper Declines in Homes for Sale than White Homebuyers During the Pandemic

Black homebuyers, who are less likely than their white counterparts to have jobs that can be done remotely, face higher home prices as white homebuyers move to more affordable suburbs Home prices in neighborhoods where Black people bought homes in

News Bot September 14, 2020 External Articles Read more

iBuyer Activity Ground to a Halt in the Second Quarter, With Market Share Plummeting to 0.1%

iBuyers purchased the fewest homes in more than three years last quarter as the coronavirus pandemic put business on pause. But the market is now making a comeback, with iBuyers seeing a rebound in demand—and even bidding wars—from homeowners who

News Bot September 14, 2020 External Articles Read more

Home Prices Up 13%, Biggest Increase Since 2013

Buyers seem undeterred, as pending sales soar 28% and a 9% increase in new listings brings little relief. Key housing market takeaways for 434 U.S. metro areas during the 4-week period ending September 6: Median home sale price increased 13%

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5 Cool Lofts for Sale Right Now

Is there anything cooler than living in a loft? Sure, we love townhouses and condos, but ‘loft’ has a certain ring to it. A loft generally has high ceilings, an open floor plan, and large windows topped off with an

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America’s Housing Shortage Is Intensifying During the Pandemic—Especially in Relatively Affordable Places Like San Antonio and Baltimore

Meanwhile, San Francisco has experienced a flood of homes for sale as Americans flee dense, expensive cities. America’s housing shortage was intense before the coronavirus hit, with the number of homes for sale slumping 7% year over year in February.

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More Than Half of Redfin Offers Faced Bidding Wars in August as the Housing Market’s Competitive Streak Continues

Nearly 55% of Redfin offers for homes faced bidding wars in August. Competition is still fierce in coastal California, and the market is also hot in more affordable places like Sacramento and Phoenix. Nationwide, 54.5% of Redfin offers on homes

News Bot September 14, 2020 External Articles Read more

Housing Market Sees Biggest Uptick in New Listings in Almost 2 Years as Pending Sales Surge 21%

Record-low inventory of homes for sale has “created a complete storm of insanity,” in small, affordable markets like Boise, which is seeing an influx of buyers leaving the West Coast. Key housing market takeaways for 434 U.S. metro areas during

News Bot September 14, 2020 External Articles Read more

Home Maintenance Tips: Keep Your Home in Tip Top Condition

Buying a home is one of the biggest decisions and purchases a person may make. Not only does it come with the financial responsibility of paying a mortgage, but also making sure to keep up on your home maintenance. If

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Seemingly Invincible, the Housing Market Posts More Strong Gains—Pending Sales Up 20%, Prices up 11%

Key takeaways for the 4-week period ending August 23: New listings of homes for sale were up 4% from a year ago—the largest increase since the four-week period ending March 15—but active listings continued to fall, down 28% from 2019.

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11 Tips to Win a Bidding War on a House

You’ve been house hunting for weeks, possibly months, and now you’ve finally found a beautiful home that would be just perfect for your family. Already familiar with how to make an offer on a house, you submit what you believe

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Homebuyers on a $2,500 Monthly Budget Can Afford $33,000 More With Low Mortgage Rates, But Higher Home Prices Cancel Out Increase

Historically low rates are motivating homebuyers even though prices were up 8.2% year over year in July, effectively cancelling out the 6.9% increase in purchasing power. A homebuyer with a $2,500 monthly housing budget can afford a home priced $33,250

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The Typical Home Pending Sale Is 3.7% Bigger Than Last Year, Sales of Large Homes Up 21% as People Seek More Space Amid Pandemic

But prices of small homes were up 8.1% year over year in July, compared with 6.7% for large homes, reflecting the continuing importance of affordability for homebuyers. The typical home that sold in the four weeks ending August 16 was

News Bot August 26, 2020 External Articles Read more

What Fixes are Mandatory After a Home Inspection?

A savvy homebuyer will schedule a home inspection for any home they’re serious about buying. After all, who wants to find out after moving into their dream home that the furnace is on the fritz or that termites have taken

News Bot August 26, 2020 External Articles Read more

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

A surge in homebuilding before the pandemic is now driving growth in new-home sales. A shift to the suburbs and record-low mortgage rates are also contributing factors. Sales of newly-built homes climbed 10.1% year over year in July, recovering to

News Bot August 26, 2020 External Articles Read more

Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%

Key takeaways for the 4-week period ending August 16: Median home sale prices climbed further to a new all-time high of $316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014. Pending home sales were

News Bot August 26, 2020 External Articles Read more

Home Improvements and Modifications for Aging in Place

Now more than ever before, we’re seeing more adults choosing to live at home as they grow in years, or what is known as aging in place, and maintain their lifestyle for as long as possible, rather than moving into

News Bot August 21, 2020 External Articles Read more

How to Transform a Shed into the Perfect Backyard Office

As working from home continues to become the new norm, you might be feeling like your current home office just isn’t making the cut anymore. If your office doesn’t let in much natural light, or you’re lacking the space for

News Bot August 21, 2020 External Articles Read more

How to Make an Offer on a House

Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their

News Bot August 21, 2020 External Articles Read more

Luxury Home Prices Bounce Back, Rising 1.2% in Early Summer

High-end home prices are showing strength during a recession as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools. The median sale price for luxury homes in the U.S. rose 1.2% year over year to

News Bot August 19, 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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