New Jersey citizens are still afraid to put their houses on the market due to the 2006 “slumber” as an article from Realty Today calls it. The rest of the nation has recovered from the slumber and business is booming. Experts say the main two reasons for this New Jersey hibernation is partially to blame due to the 8.12% of foreclosed properties and the overall population of the state.
This might not be a good time to be a seller but for investors and people in the market for a new home this is a prime time to purchase. Housing wire along with Omar Boraie and Boraie Development LLC all believe it’s time for a comeback from The Garden State. Housing Wire and Omar Boraie have two very different outlooks on what is going to bring this city back to life. On one hand, Housing Wire is emphasizing of the face that social media is becoming a big seller for realtors, and they’re right! It’s free ad space to get the job done. They are also crediting low down payments and low interest rates to what will be the wake up call of New Jersey Real Estate. The last key point Housing Wire is pointing out is as long as there’s a internet connection there will always be a way to get the necessaries done.
Omar Boraie and Housing Wire are predicting the same outcome but for different reasoning. Omar Boraie has already been apart of making New Brunswick the city it is today. He has a good eye for investing and wants none of the credit. He believes in creating “the next-generation office community” this Is a big part of his prediction on the upswing of the New Jersey Real Estate Market. He has a vision for what New Brunswick will look like and he’s doing everything in his power to make that a dream come true.
He wants to create a community of vast differences, old, young, families, students, businesses. He says “if Johnson & Johnson didn’t decide to stay in New Brunswick, none of this would have happened.” As you can see Mr. Boraie and Boraie Development are looking to create a better future by attracting a plethora of people to add to the population. They are making New Jersey Real Estate attractive again.
As you can see it doesn’t matter the reasoning, New Jersey will be on a Real Estate uprising just like New Brunswick. Whether it’s because of social media and low down payments or the creation of a space everyone wants t be, I think it’s safe to say New Jersey will be happy about it and welcome the change.