The real estate market situation in New Jersey has been trailing. According to an article that was published via Central Jersey Working Moms, New Jersey has so far surpassed most states by having the largest shares and the rates of residential mortgages that are in foreclosure and are also extremely delinquent. According to the Realtor Chief Economist at the National Association of Realtors, Lawrence Yun, the housing shortages are likely to intensify and turn into a housing emergency if the gap between the housing supplies and housing demands widens.
New Upcoming Development Companies
However, new development companies are coming up with an aim of improving the real estate market in the New Jersey area. There are several upcoming contracting and developments companies with the aim of improving the real estate industry in New Jersey. An example of a contracting company that is quite determined to save the real estate market in New Jersey is Boraie Development.
Boraie development has been in existence for over 20 years in the market with a great track record and a strong background and foundation. As a result, it is one of the sought-after companies in New Jersey. Boraie Development has powerful connections with various financial institutions. For example, Boraie development not only sources its capital from within but from private funding sources like commercial banks. The company also attributes its success to its top-notch architects who are timely and professional in meeting deadlines.
About Boraie Development
Boraie Development offers a wide range of services such as property management, selling quality building services and other aspects of urban real estate services. These services are offered by a team of professionals committed to offering high-class services to produce spectacular real estate solutions to meet the expectations of the clients. At Boraie Development, property management is one of the best attributes and development properties are marketed to fill the increasing demand for housing properties.
Boraie Development is led by Omar Boraie who has served as the president since 1972. The company has made more than 150 million dollars in sales of residential and commercial transactions. Boraie specializes in creating projects that attract tenants, high profile residents, and financial partners to be in long-term working relationships. The main properties considered by the company are residential, hotel assets, retails, and students housing facilities. Boraie.com has a track record of enhancing and developing activities in the urban communities in New Jersey.