At the same time real estate markets in New Jersey undergo the highest rates of residential mortgages in foreclosure, positive trends are likely and many towns are preparing for future development.
Lawrence Yun, the Realtor Chief Economist at the National Association of Realtors, said in a story, found at www.phillypurge.com/2017/06/22/boraie-development-new-jerseys-most-sought-after-residences/), the market in New Jersey could undoubtedly worsen as housing deficiencies are expected to build up, along with the home shortages for auctions and the quickness of putting newly built homes up for sale.
Contrary to Yun’s reflection, real estate firm Zillow and trade and industry reports, observe many homeowners are looking ahead to improved selling conditions and have restrained from putting their vacant homes on the market as they expect increased gains.
One recent trend in New Jersey’s real estate market has been the boost in prices among
towns close to transit stations, which continues to pull in prospective home buyers. Another trend will involve establishing jobs that will by and large bring about not only housing demands but lower house prices that will lead to more homes coming on the market.
In addition, as mortgage rates continue to stay moderately low, mortgages will be more easily obtainable.
According to the Central Jersey Working Moms blog, one of the most recognized and respected real estate development companies in New Jersey; Boraie Development has played a part in the market for more than three decades.
Working to increase demand for housing properties and having worked with many different areas of New Jersey, Boraie focuses on projects that will appeal not only to residents and tenants but also to economic partners who will continue to participate in a lasting working affiliation.
Sam Boraie makes use of private sources of funding, such as commercial banks, for its projects. The company provides an array of services focused on all areas of the urban market that take in property management, property development, advertising and sales. Boraie also provides accounting, leasing and maintenance services.
Omar Boraie, who launched boraie.com, is joined in his vision by his sons, Waseem and Sam and his daughter, Hiam. Boraie’s vision initially focused on the Atlantic City area and quickly evolved to include the cities of Newark, New Brunswick and more.
Headquartered in New Brunswick, the privately-held firm reportedly generates more than $10 million in annual revenues. Visit the website boraie.com.