Real Estate News

WASHINGTON (August 2, 2017) – Commercial real estate markets continue to improve, with Realtors® specializing in commercial real estate reporting both an increase in member’s gross income and sales volume, according to the National Association of Realtors® 2017 Commercial Member Profile.

The annual study's results represent Realtors®, members of NAR, who conduct all or part of their business in commercial sales, leasing, brokerage and development for land, office and... Read More

Buying a house is a major step and this is particularly the case for first time homeowners. Given the fact that there are so many different mortgage programs out there, choosing the right company might prove to be a real challenge.

Grace Real Estate Company has a mission of assisting first time home buyers in acquiring a home of their choice, and getting the best rate and terms on... Read More

A property in Paterson, New Jersey recently broke a market record with a ground-breaking deal. Both industry insiders and residents are interested in this outstanding property's sale because it illustrates the promise and development of the Paterson region.

The property, which is in a desirable area of Paterson, sold for an amazing sum that was more than any other transaction in the area. In addition to drawing notice for its record-breaking value, the acquisition has spurred... Read More

The choice between a fixed rate mortgage and an adjustable rate mortgage (ARM) is among the most important choices any first time home buyer has to make.

These two mortgage types are beneficial for a home buyer in various ways with some possible disadvantages that affect the financial status of the homeowner at different times. For this reason, GREC will ensure that it explains the differences between these two mortgage options to assist... Read More

WASHINGTON (July 31, 2017) — After declining for three straight months, pending home sales reversed course in June as all major regions, except for the Midwest, saw an increase in contract activity, according to the National Association of Realtors®.

The Pending Home Sales Index*, www.nar.realtor/topics/pending-home-sales, a forward-looking indicator based on contract signings, climbed 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. At 0.5 percent, the index last month increased annually... Read More

It may be difficult to get a mortgage with bad credit, it is not impossible. At Grace Real Estate Company (GREC), we know the challenges that borrowers with bad credit rating go through and we are ready to assist you in finding solutions to your problems with a view to making you own a home.

This article provides guidelines and measures that can be taken by a borrower with poor credit score to get a mortgage and get the best... Read More

In recent reports, experts have issued warnings about an impending crisis in the commercial real estate sector that could significantly impact the US economy. As the nation emerges from the global pandemic, concerns are mounting over the potential crash of the commercial property market, which could have far-reaching consequences.

The COVID-19 pandemic has severely affected various sectors of the economy, and commercial real estate is no exception. Lockdowns, remote work, and changing consumer behaviors have led... Read More

Mortgage refinancing is a useful tool for adjusting the interest rate, decreasing the monthly payment or using the home equity. Welcome to Grace Real Estate Company (GREC), your partner in the refinancing process, helping you make sound decisions in the refinancing process that will be beneficial to you financially.

This article will entail some of the procedures that are followed when refinancing a mortgage, the advantages and the things to... Read More

WASHINGTON (July 24, 2017) — Existing-home sales slipped in June as low supply kept homes selling at a near record pace but ultimately ended up muting overall activity, according to the National Association of Realtors®. Only the Midwest saw an increase in sales last month.

Total existing-home sales¹, #, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.8 percent to a seasonally adjusted... Read More

MIt is a very important factor to get a mortgage pre-approval in the process of buying a home as it defines the buyer's budget and demonstrates his/her earnestness to the sellers.

TThe pre-approval process is fully explained at Grace Real Estate Company (GREC) so that clients are well equipped for the challenges in the real estate market. This article discusses the process of getting pre-approved for... Read More

A recent study has found that in only four major cities across the United States, it is more cost-effective to buy a home rather than rent. The study's findings shed light on the ongoing housing affordability challenges faced by Americans in various metropolitan areas.

According to the study, which analyzed housing costs and rental prices in several major cities, the four cities where buying a home is currently more affordable than renting are. In these specific... Read More