New Jersey has in the recent past been the focus of real estate companies. Considering its large population, the demand for housing has been on the rise since the Great Recession period. Experts say that New Jersey has been experiencing a huge number of foreclosure cases and if such a trend continues, it will turn into a crisis over a short period. However, there have been measures which are being taken that have seen the number of foreclosure cases reduce significantly. There is hope that the number will reduce even further and therefore pave the way for the robust real estate business in the area.
Realtor Lawrence Yun who serves as the chief economist at the National Association of Realtors has expressed concerns that there is an impending shortage of housing in New Jersey and that if the problem is not addressed soon enough, it will turn into a major problem. The good news, however, is that there is enough space to build new houses and meet up the growing demand. Most real estate companies are keeping a keen look at the situation in New Jersey, and as soon as they are granted with permits, new buildings will start to emerge. Economists are also not foreseeing a change in the construction industry soon.
The Great Recession had a significant impact on the real estate industry in New Jersey. However, things have changed ever since, and now there is a growing demand for housing in most parts of the town. Besides, construction companies are taking advantage of the demand to come up with modern housing units which are not only attractive in term of design but price as well. The good thing about New Jersey is that it has proper infrastructure and social amenities thereby making the housing market lucrative for investors. For more details visit Crunchbase.
With such a demand for housing, there are various construction and real estate companies that are looking forward to cashing in. One of those companies is Boraie Development. The company is well known in New Jersey and has been in operation for more than twenty years hence making it the most preferred builder. The company uses a special financing strategy that makes it easy to initiate projects without the worry of them stalling along the way. Omar Boraie is also known for partnering with major financial institutions and licensed architects around the country. The management is dedicated to the provision of quality services to its clients within New Jersey and beyond.