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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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News

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The housing market is as competitive as ever despite 53% rise in mortgage costs

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Michael Gersitz May 19, 2022 Zillow Articles Read more

Home buyers may find less competition near city centers for the first time in years

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Michael Gersitz May 18, 2022 Zillow Articles Read more

Blend: We plan to outperform the decline in origination volume

Blend Labs reported a $73.5 million loss in the first quarter, but pointed to the performance of its mortgage banking and title sectors as a positive sign for the rest of the year. The company’s revenue rose to $71.5 million,

Michael Gersitz May 13, 2022 External Articles Read more

Opinion: Use data to scale your mortgage servicing business

Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Such scaling; however, hasn’t achieved the expected results as indicated by both

Michael Gersitz May 13, 2022 External Articles Read more

‘Foreclosure Abuse Prevention Act’ awaits New York governor’s signature

Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break, as a piece of legislation making its way to Gov. Kathy Hochul’s desk could discharge a swath of foreclosure cases pending in state and appellate

Michael Gersitz May 13, 2022 External Articles Read more

How to Get Rid of Roaches in Your Apartment or House and Keep Them Gone for Good

Cockroaches: a tiny pest with a big reputation. Roaches are one of the most common apartment and household pests, and they’re notoriously difficult to get rid of. Even if you keep your space tidy and clean, these pests can still

News Bot May 13, 2022 External Articles Read more

Pros and cons of buying out-of-state rental property in 2022

Not everyone can afford to invest in rental property in the area they live in. In some regions, housing prices are so high that it may be difficult to add to your real estate portfolio. Whether cash buyers outbid you

Michael Gersitz May 13, 2022 External Articles Read more

What to Look For on a Home Tour

Touring homes can be a thrilling experience, especially if you’re a first-time homebuyer. However, you can easily get swept away in the excitement of it all and not realize that you’re missing out on some very important details about the

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Opinion: Is the lending market overcorrecting toward tech? Maybe

Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic

Michael Gersitz May 13, 2022 External Articles Read more

Apartment Applications: What to Expect and How to Land the Perfect Pad

Whether you’re looking for your first apartment in Los Angeles, CA, or starting fresh in a new city like Chicago, IL, the quest to land the perfect pad is an exciting journey that may involve a few unexpected twists and

News Bot May 13, 2022 External Articles Read more

Homepoint profits $12M in Q1 after selling operations and assets

Home Point Capital, the parent company of wholesale lender Homepoint, continues to turn profits based on the selling of operations and assets as management adjusts the company to the shrinking mortgage market. The wholesaler reported on Thursday morning it notched a

Michael Gersitz May 13, 2022 External Articles Read more

How to Buy a House With Bad Credit

Buying a house can be an exciting yet confusing process. It can also be frustrating when you’re trying to buy a house with bad credit and don’t know where to turn for answers. Many people rent with the dream of

News Bot May 13, 2022 External Articles Read more

MSR sales played a key role in nonbank profits in Q1

An ebullient market for mortgage-servicing rights (MSRs) helped to buoy the profitability of at least three major nonbank lenders that are publicly traded and abated losses for a fourth, based on their recently announced first-quarter financial results. Those lenders are UWM Holdings Corp., the

Michael Gersitz May 13, 2022 External Articles Read more

What is a Tudor Style House? All About this Historic Architectural Delight

Whether you’re looking for a little slice of history, a home that’s uniquely charming, or one that looks like it jumped off the pages of a storybook – you’ll find all that and more in a Tudor style house. From

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Almost 45% of homeowners are now equity rich

Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have

Michael Gersitz May 13, 2022 External Articles Read more

Project Left Unfinished? What to Do When a Contractor Doesn’t Finish the Job

For most homeowners, a great deal of effort goes into choosing the right contractor for their home renovations. By the time you’ve decided on a contractor, finalized an agreement, and paid the deposit, the last thing you need is for

News Bot May 13, 2022 External Articles Read more

10 Pros and Cons of Living in Georgia

Are you considering moving to Georgia and possibly buying a house in Atlanta or somewhere like Alpharetta? Georgia, popularly known as the Peach State, is the 24th most extensive state in terms of the landmass in the U.S. The state

News Bot May 13, 2022 External Articles Read more

Julia Gordon confirmed as new FHA commissioner

The U.S. Senate confirmed Julia Gordon on Wednesday evening to serve as commissioner of the Federal Housing Administration (FHA). The position is part of the Department of Housing and Urban Development. Gordon, who most recently stepped down from her role

Michael Gersitz May 13, 2022 External Articles Read more

What is a Loft Apartment? Living Life at the Top

Living the city life can bring lots of the hustle and bustle, sprawling views of the skyline, and countless new activities and restaurants to check out every day of the week. If you’re renting an apartment in New York, NY,

News Bot May 13, 2022 External Articles Read more

Birmingham Alabama Housing Market: Prices & Trends 2022

How is The Housing Market in Birmingham Alabama? Birmingham, Alabama has come a long way from its Southern roots, though it retains its historic charm. Birmingham recently earned the title of being the South’s “Comeback Town.” The Birmingham AL real

News Bot May 13, 2022 External Articles Read more

10 Pros and Cons of Living in Texas

Texas, also known as the “Lone Star State,” is the second-largest U.S. state by area and population. With such a big state, you’ll find something to love about Texas – may that be the fantastic barbeque or the beautiful state

News Bot May 13, 2022 External Articles Read more

Purchase mortgage rates increase to 5.30%

Purchase mortgage rates this week averaged 5.30%, up three basis points from a week ago, causing homeowners’ monthly payments to increase by about one-third year-over-year, according to the latest Freddie Mac PMMS. Borrowers continue displaying resilience, but higher rates expected in coming months

Michael Gersitz May 13, 2022 External Articles Read more

What Is a Quitclaim Deed? Everything You Need to Know

You’ve been searching for houses for months and finally found the one you like. After making your way through the homebuying process, one of the final steps is ordering a title search and then have the seller execute the deed

News Bot May 13, 2022 External Articles Read more

Rent is at an all-time high, but renters still have opportunities to save

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Michael Gersitz May 11, 2022 Zillow Articles Read more
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  • Michael Gersitz
  • Phone: (716)870-5786
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  • Email: michael.gersitz@signature-wny.com
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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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