In recent past, there has been a surge in the real estate industry in the United States, and it has shifted to New Jersey, according to report published through Philly Purge. New Jersey is one of the highly populated areas in the U.S. According to Fundacity, a real estate specialist, NJ is one of the states with high rates of residential mortgages, and that has made real estate industry in the state trail others in the country. Some experts believe the housing shortages being experienced currently might intensify because the gap is widening between housing demands and housing supplies. Eventually, it may lead to housing emergency.
However, there are some cities within New Jersey that are still enjoying incredible housing demands matched with excellent supply. They are preparing for major developments and thousands of new housing units to be ready for market. These cities have been experiencing rising cost of properties a couple of months ago. The NJ Transit station is strategically located, such that it is within minutes from all the towns in the state, and that has played critical role of attracting home-buyers. Economists project the current situation will lead to drop in prices of houses, and more will be available for sale. The mortgage rates are also low; hence more individuals can access the mortgage and thus ease the boom in housing prices in NJ. Visit Central Jersey Working Moms to know more.
Boraie Development LLC
Sam Boraie is a privately owned real estate company based in New Brunswick, New Jersey. It provides a variety of services which targets real estate markets in urban areas. According to Boraie’s website, the company specializes in property development, management as well as sales and marketing. Boraie is committed to associate with leading architects, contractors and financial institutions who understand the need to deliver successful projects and on time. The company has over 30 years of experience in the real estate industry.
The firm’s objective is to develop quality projects that attract buyers, tenants and lenders. Property management is a critical aspect of Boraie Development’s overall strategy. It helps the company to increase the overall value of its properties over time. Physical improvement of properties at Boraie is done on a regular basis. Some of the practices include maintenance, leasing, accounting, marketing, administration and customer service. The company has an affiliate, Boraie Realty, which is responsible for leading sales & marketing processes. The company’s team has exceptional skills and experience in all areas of property development and management.