New Jersey real estate market has for a long time gone through a period characterized by high rate of residential mortgage foreclosure and delinquency. It ranks as the least promising real estate market in the country. However the trend seems to be changing. The shift can be attributed to the, better home prices, increased employment levels, and formation of households. It is believed that the trend will continue if more effort becomes focused on improving affordability and resolving house shortages.
However, chief economist at the National Association of Realtors, Lawrence Yun believes that the shortage will increase. He points out that the gap between the demand and supply of housing is ever widening. The dropping of building permits has worsened the situation, economists claim. Homeowners are also holding off their homes with a view that the selling conditions will improve as the shortage intensifies.
Despite this dysfunctional real estate market, some towns in New Jersey such as Brunswick have experienced outstanding housing developments in the recent past. Thousands of new apartments have been developed and more contracting companies are coming up. One of the top real estate companies in the area is Boraie Development.
Boraie development has become the most sought after real estate Development Company in the city. The company specializes in all the aspects of real estate market such as property development, management, acquisition and sales. Features that places it above other companies in the market is its financial strength and team of professionals. The company is experienced at working with financial institutions such as commercial banks to fund its developments.
Boraie development employs visionary contractors and architects that work to meet deadlines and deliver quality services. The team is focused on providing exceptional services to clients through spectacular developments. Its ability to attract and nurture long term relationships with financial partners, clients and tenants is another key to its success. Check out Central Jersey Working Moms for more details.
According to Rutgers, property management is another service that has made Boraie Development stand out in New Jersey. With over 20 years’ experience in the market, the company has mastered the skill of adding value to assets. Its property management strategy involves customer service, accounting, leasing and marketing. The organization has sold commercial and residential homes worth more than $150 million.
Boraie Development is owned by Sam Boraie, according to njbiz.com, Omar had for four decades cherished the dream of transforming the housing infrastructure his hometown Brunswick. Initially, many people did not believe. Today, he has transformed the town and developed the largest real estate development company in New Jersey.