The real estate industry is one of the fastest growing and most profitable markets for your investment opportunities. However true this is, this market is not short of problems. For instance the United State of America despite being a developed economy suffers from a crisis of overcrowding. This crisis is slowly shifting to New Jersey one of America’s highly populated areas. Going by the statistics of real estate industry giants such as Zillow, the New Jersey’s real estate market has the highest number of mortgage rates and shares that are in disclosures. These consequently have caused New Jersey’s real estate market to lag behind.
As if these negative developments in the New Jersey real estate industry is not enough, Lawrence Yen the lead Realtor Economist at National Association of Realtors notes that the housing shortages in NJ is likely to continue to the point of causing a housing emergency if the housing supply does not meet the demands. In addition to this, economists still think that in the coming months the New Jersey real estate situation could easily go from bad to worse. One of the main reasons behind this pessimistic view of things is that as the economies inventory crisis unclogs, there will be a huge number of properties moving up with urgency to sell before anybody else thus resulting to a shift in the market.
Nonetheless, despite all these negative indicators in the New Jersey’s market, there is still a ray of hope for this market. Zillow’s economic report indicates that this real estate market will improve partly due to improved home prices. As the property prices improve so does the housing conditions. Another reason for the anticipated improvement in this industry is due to emergence of giant real estate development companies such as Boraie Development. Thirdly and a very crucial factor is the positioning of New Jersey in the economy. With most towns being a few meters from railways lines, the ease and convenience of movement is expected to attract lots of investors and homeowners in this area.
About Boraie Development
As many would know, Boraie Development is one of the leading real estate development companies we have in the economy today. Founded by Omar Boraie many decades ago, Boraie Development has risen to become the most sort after real estate industry for your urban needs. With quality properties across the United States, you can count on Boraie Development not only for your development issues but also to help you source for finance for your development project. More information about Boraie Development on crunchbase.com.