New Jersey has become a hub for real estate ventures in the United States. In a recent article published by Philly Purge, this state has the highest number of rates and shares of mortgages in America. According to Bloomberg, most of the properties in New Jersey are delinquent and in foreclosure.
A look at New Jersey’s market trends
Based on Lawrence Yun experience, New Jersey might experience shortages if the gap that exists between housing demand and gaps is not filled. According to the Central Jersey Working Moms, Lawrence Yun who works for the National Association of Realtors as the Realtor Chief Economist feels that this gap needs to be closed. The existence of fewer homes to auction and the increased sales of newly built homes will bring confusion to the real estate industry. However, some parts of New Jersey still have high housing demands. This has prompted entrepreneurs to invest in upcoming developments and new properties. This is because they fetch significant returns in the long-run. Boraie Development is one of the real estate companies that has shown an interest in New Jersey. This company has spent the last two decades developing some of the most innovative structures in this state.
About Boraie Development LLC
Boraie Development is a firm that pioneers in the provision of a broad range of services, such as property management, marketing, and property development. This company works with a dedicated team that endeavors to provide cutting-edge solutions coupled with spectacular features. Boraie Development is unique in the sense that it employs values, such as reliability, capitalism, and vision, to each project they undertake. This company takes credit for constructing some of the most incredible structures in Atlantic City, Newark, and New Brunswick.
One of Boraie Development newest properties is The Aspire in New Brunswick, a luxurious rental tower. This building is located at 135 Somerset Street and was built to target the young people. The Aspire is situated close to the New Brunswick train station in a neighborhood surrounded by numerous entertainment options. The property also offers exceptional amenities, such a secure private parking and a lobby with a doorman who works 24/7. The Aspire is one of Boraie Development’s significant achievements in New Jersey. Boraie Development is managed by its founder Sam Boraie, a visionary Egyptian national. Under Omar Boraie’s leadership, this company has grown into one of the largest profit-making real estate firms in the United States.