Centraljerseyworkingmoms.com recently reported the fractured result of the real estate market conditions in New Jersey. These results have mounted due to the aftermath of the economic crisis, and bettered fundamentals and basics, such as higher employment rates, household formation, and the increase in home prices. According to Zillow, the giant in real estate tracking, New Jersey has been worse than most states in having the highest rates and shares of residential mortgages that are extremely delinquent and in foreclosure. However, New Jersey has recently shown significant improvement among other states in the US. The reduction in delinquency and foreclosure rates show the significantly stringent post-crisis impacts and the bettered fundamentals and basics, like higher employment rates, households’ formation, and the increase in home prices. These positive trends are expected to continue as the industry’s focus will continue to shift in resolving possible affordability crises, the shortages, and the increasing market numbers even though other experts, such as the Realtor Chief Economist at the National Association of Realtors, Lawrence Yun, say otherwise.
Regardless of the fractured New Jersey real estate market since the Great Recession, high housing demands of some towns are present. Most of their towns are aggressively working on a plethora of new apartments and game changing developments. With aspects, such as their easily accessible transit system for most towns, and the forecast of more housing due to the high interest rates and lower house prices, the real estate market for New Jersey has an optimistic appeal to other real estate experts.
One of the giant players in New Jersey’s real estate market is Boraie Development. They are among other key players in this industry in making this positive change stick for New Jersey. They have been in the real estate development game for more than 20 years now, and they are highly regarded in the community among the residents, community leaders, and others.
About Boraie Development
Located in New Brunswick, New Jersey, Sam Boraie provides a variety of services regarding the urban real estate market. Their services include sales/marketing, property management, and real estate development. They worked with the top visionary architects, contractors, and financial institutions. And together, they made extraordinary property creations and helped to build New Jersey even more.
Their property management functions consist of administration, maintenance, marketing, customer service, accounting, and leasing. Their sales & marketing division works in accordance with development and property management in regards to key residential and commercial factors. And as a result, they have sold more than $150 million in commercial and residential projects. Information sourced from crunchbase.com.