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Boraie Development Continue To Set the Pace in the New Jersey Real Estate Sector


The real estate industry in the United States has been faced with crisis since the end of the Great Recession. Despite the harsh conditions, the real estate industry of New Jersey had remained relatively stable. However, the economic turbulence has hit New Jersey threatening the rebound of the sector in one of the most populated states in the U.S. Zillow; a real estate tracking giant revealed that the region has surpassed most states regarding rates of residential mortgages and foreclosures.

Lawrence Yun, the realtor chief economist at the National Association of Realtors, stated that the shortage of housing could intensify and became a housing emergence if the gap between supplies and demand is not harmonized. The rapid sales of new homes coupled with the lack of homes for auction and sale is a reflection of how harsh the condition is in New Jersey. According to Zillow and economic reports, the property prices are expected to rise in the future. With such as expectation, many home sellers have held their properties waiting to sell in the future when conditions improve. You can visit Central Jersey Working Moms to know more.

Although the economic turbulence seems to have hit greater parts of the country after the Great Recession, some parts of New Jersey have remained unaffected. Most cities in New Jersey are developing thousands of new properties. These towns are located a few minutes away from New Jersey Transit station making them easily accessible. Property prices in these cities have been increasing for the last couple of months.

A Brighter Future

According to Central Jersey Working Moms, economists predict that the lower house prices and high-interest rates will lead to the availability of more homes for sale in the market. Constant job creation that has been witnessed in the region is also expected to increase the housing demand. Despite the current situation, house mortgage rates have remained low and easily available easing the crisis in the industry.

About Boraie Development

Boraie Development is a leading real estate developer in New Jersey. The firm offers a full range of services with primary focus on property management, real estate development and sales and marketing. Boraie development specializes in the urban housing sector with notable developments in residential, student housing, retails, and hotels.

Sam Boraie works with a team of distinguished architects, contractors and some of the strongest financial institutions to ensure timely service delivery to their clients. With over 20 years in the industry, the firm has made over $150 million worth of residential and commercial transactions.

Boraie Development Continue To Set the Pace in the New Jersey Real Estate Sector

The real estate industry in the United States has been faced with crisis since the end of the Great Recession. Despite the harsh conditions, the real estate industry of New Jersey had remained relatively stable. However, the economic turbulence has hit New Jersey threatening the rebound of the sector in one of the most populated states in the U.S. Zillow; a real estate tracking giant revealed that the region has surpassed most states regarding rates of residential mortgages and foreclosures.

Lawrence Yun, the realtor chief economist at the National Association of Realtors, stated that the shortage of housing could intensify and became a housing emergence if the gap between supplies and demand is not harmonized. The rapid sales of new homes coupled with the lack of homes for auction and sale is a reflection of how harsh the condition is in New Jersey. According to Zillow and economic reports, the property prices are expected to rise in the future. With such as expectation, many home sellers have held their properties waiting to sell in the future when conditions improve. You can visit Central Jersey Working Moms to know more.

Although the economic turbulence seems to have hit greater parts of the country after the Great Recession, some parts of New Jersey have remained unaffected. Most cities in New Jersey are developing thousands of new properties. These towns are located a few minutes away from New Jersey Transit station making them easily accessible. Property prices in these cities have been increasing for the last couple of months.

A Brighter Future

According to Central Jersey Working Moms, economists predict that the lower house prices and high-interest rates will lead to the availability of more homes for sale in the market. Constant job creation that has been witnessed in the region is also expected to increase the housing demand. Despite the current situation, house mortgage rates have remained low and easily available easing the crisis in the industry.

About Boraie Development

Boraie Development is a leading real estate developer in New Jersey. The firm offers a full range of services with primary focus on property management, real estate development and sales and marketing. Boraie development specializes in the urban housing sector with notable developments in residential, student housing, retails, and hotels.

Sam Boraie works with a team of distinguished architects, contractors and some of the strongest financial institutions to ensure timely service delivery to their clients. With over 20 years in the industry, the firm has made over $150 million worth of residential and commercial transactions.

 

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