The threat of US of heaving real estate markets now has shifted to New Jersey, therefore, posing a threat to one of the highly populated areas in the country. According to the information from the real estate expert Zillow, New Jersey has overtaken most of the states by a large number of rates and shares of the rental mortgages that are in foreclosure. Due to this, the real estate market in the region is really losing. However, the recent decrease in the rate of foreclosure reflects the positive side of the post-crisis events. In the coming days, the positive trends in the real estate are expected to continue as the industry is going through the transformation to determine and resolve the shortages that are surrounding the real estate market.
On Patch.com, Lawrence Yun, the Realtor Chief Economist views that the shortages that are being experienced in housing is likely to increase if the gap between demand and supply persist, and this may lead to housing emergency. As the building permits dropped in May, economists are as well pessimistic that the drop may worsen in the coming months. Contrary to the crisis in the real estate market in New Jersey, the state remains one of rebirth point of the real estate in the country.
As the transformation of the real estate market is expected to happen in the New Jersey, there are quite a number of development and construction companies that are ready to take New Jersey to the next level and Omar Boraie and Boraie Development is on the forefront. The company makes use of the source of capital that is private as its main source in financing its projects in addition to its capital, something that gives the company an edge in the field. Also to note, the company works with strong financial institutions and personnel who knows what it means to beat the deadlines, therefore they are able to complete their project successfully and within the specified time by the clients.
Boraie.com renters a wide range of services that are primarily focused on the all features of urban real estate market that includes, development of properties, management of the property as well as marketing and sales. The organization has a commitment to coming up with projects that attract the tenants, residents as well as the financial partners, who in turn will develop the long-term partnership with the company. The organization mainly markets its product so as to cater for the rising demand of the housing properties.