Because New Jersey has the highest share of residential mortgages in foreclosure or that are delinquent, New Jersey is becoming the new center of the conditions that began the nationwide housing crisis. Because of its population density alone, this is threatening the recovery in the entire country. However, there are national and generational forces at play in the market as well, and because the industry is focused on these issues, the forecasts for the future are good according to the Philly Purge.
In the short term however, shortages in the New Jersey housing market will reach near emergency levels because of a bottle neck in available housing to meet the demand, and this is foreboding for short term growth and in fact signals further short term decline in the New Jersey market. Things may get worse before getting better as the bottleneck clears and available housing is eaten up by penned up demand, but long term forecasts are positive because the market supply will increase as side liners begin to sell because of favorable market conditions. The amount of available houses that are being held from the market will be sufficient to aid in the rejuvenation. You can visit their website boraie.com
Boraie Development has been operating in the New Jersey market for upwards of two decades. Their longevity is derived from their ability to deliver, and they fund their projects almost solely on private investment. This alone signals their strength, but their strength can also be measured in the reliability and professionalism of their associated contractors. Their range of services include every facet of the urban real estate market. These services include property management and development, but also include sales and marketing. Pioneering founder Omar Boraie a former professor has operated in this business sector for 40 years, so his vision is rooted in experience and forethought. Check out boraie.com
Click here: http://www.boraie.com/company/