Boris Mizhen – Hopeful About the Future of the Real Estate Market
Feb 23, 2023
Top economists believed last year to be a record-breaking year for real estate, and while the previous year saw periods of rapid growth, it was a year of caution as investors were hesitant to jump into a market without clear signs of positive growth.
New York, NY, United States - February 23, 2023 /MarketersMEDIA/ —
Boris Mizhen, property investor, is hopeful about the future of the real estate industry. The property sector has seen positive changes lately. Mizhen is one of several industry experts who view the current changes as indicators that the industry will be steady this coming year. Top economists believed last year to be a record-breaking year for real estate, and while the previous year saw periods of rapid growth, it was a year of caution as investors were hesitant to jump into a market without clear signs of positive growth. This coming year, the expectation is to expand consistently as real estate is strengthened by low mortgage interest rates and employment growth.
These predictions in real estate are backed by new data showing the unemployment rate dropping to the Federal Reserve’s target of 5 percent, down from a peak of 10 percent in 2009. More Americans are working today than at any point in the past six years, which means more people will be able to afford their first home, or upgrade to a new one. While observers have voiced concern that the recent hike in interest rates may raise issues in affordability, stagnate prices, and harm real estate, Boris Mizhen addressed the actions of central bankers as the direct result of a stronger economy in the first place. He also explains that the higher rates can act as a stimulus as well. “If there is an expectation that rates will increase in the future again, then existing homeowners are more likely to buy and sell before another surge.”
The rental market and home purchasing plans of millennials are also expected to improve the real estate industry. As the cost of renting continues to increase, housing looks more attractive, and it will push more Americans into home ownership. Mizhen notes that the price of renting is rising much faster than house prices. “In most of the United States, it is less expensive to buy than to rent today. There is an opportunity in the market to own for a monthly payment that is significantly less than the expenditure of renting.” An increasing number of adults in their 20s and early 30s want to purchase a home, with one-third of those anticipating to buy expecting to start looking in the next two years. Experts point out that in the past, this was an age group that was known for cautiously taking out lines of credit, partially because they didn’t want to repeat the debt mistakes of earlier generations. In 2011, 65 percent of millennials were interested in buying a home. Now, the number is up to 80 percent, signaling another upward trend for real estate.
Boris Mizhen is a passionate entrepreneur and businessman based in New York City. Having built a successful career in marketing and advertising, he expanded into real estate development and now owns and manages dozens of properties nationwide. Mizhen is committed to building sustainable and affordable housing for citizens and supporting communities. He has achieved a wide range of accomplishments due to his unique business instinct, strategic mindset, and the lasting relationships he has created over the years. He is also a devoted philanthropist, and has been the primary sponsor for Chabad of the Shoreline and the Jewish Foundation of Greater New Haven. Across the northeastern United States, he remains involved in other charities and property developments in New York City as well as his hometown of Connecticut.
Boris Mizhen - Property Developer and Philanthropist: http://borismizhennews.com
Boris Mizhen (@bmizhen) - Twitter: https://twitter.com/bmizhen
Boris Mizhen - Facebook: https://www.facebook.com/bmizhen
Contact Info:
Name: Boris Mizhen
Email: Send Email
Organization: BorisMizhenNews.com
Website: http://borismizhennews.com
Release ID: 89090762
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
Maiqui Pineda gets real on how having a baby changed her life and Robi Domingo
Maiqui Pineda opens up on how parenthood has changed her and Robi Domingo's lives.
What I have learned watching foreign tech companies build in Singapore
When foreign technology companies first speak to me about Singapore, the conversation usually starts with one of three things: customers, talent or tax. Government funding often comes much later. That surprises me because Singapore has a sizeable ecosystem of grants, tax incentives and investment support available to companies building substantive operations here. But there is […] The post What I have learned watching foreign tech companies build in Singapore appeared first on e27.
Rising HIV cases highlight need for more affordable protection in the Philippines
Rising HIV cases and the increasing cost of living highlight the need for more affordable protection in the Philippines. DKT Health, Inc. is lowering the price of Premiere condoms to Php55 across all variants to help make quality protection more accessible to Filipinos.
Passing 1.5°C global warming: Performative ESG is no longer acceptable
The planet has already passed 1.5°C of warming against pre-industrial levels, or it’s very near. This isn’t fiction or a scam; it’s science and it’s existential. The 1.5°C target was set at the 2015 Paris Agreement after intense pressure from vulnerable island nations. It was meant to head off irreversible tipping points like catastrophic sea-level […] The post Passing 1.5°C global warming: Performative ESG is no longer acceptable appeared first on e27.
KALURKS!: May-ari ng viral statue ni Alex Eala, humingi ng pasensya!
"Ang akin lang naman bilang dumakila sa isang Pilipina na nagbibigay-dangal sa ating bansa. Ang mensahe ko kay Alex Eala, pasensya ka na kung hindi mo eksakto kamukha." - June Ducat
AI governance is moving from promises to proof
For much of the past three years, the politics of artificial intelligence (AI) has revolved around relatively familiar questions. Will AI take jobs? Who owns the copyright to the material on which models are trained? Can companies protect personal data? And who should be responsible when an algorithm causes harm? Britain’s latest AI debate suggests […] The post AI governance is moving from promises to proof appeared first on e27.
Kapuso Stream: September 29, 2026 | LIVE
It's time to binge-watch all your favorite Kapuso programs LIVE on Kapuso Stream! 05:30 AM - Unang Hirit Watch your favorite GMA Network shows at https://www.youtube.com/@gmanetwork/live and subscribe to get notified. #GMANetwork #KapusoStream GMA Live, GMA Livestream today, GMA Live Today
Castlevania: Belmont’s Curse breathes new life into the series
TOKYO, Japan – It has been a long time since Castlevania received a brand-new game, but Castlevania: Belmont’s Curse feels surprisingly comfortable picking up the mantle. Playable at Tokyo Game Show 2026, the upcoming title puts players in control of Rose Belmont as she battles through a monster-infested Paris alongside her father, Trevor Belmont. Set
Dune: Awakening Review – You aren’t the Lisan al-Gaib but that’s okay
My first real entry point into Dune was Denis Villeneuve’s Dune: Part One. I knew what Dune was before watching it, of course, but the 2021 film was the first time the world really clicked for me. Dune: Part Two only made it more compelling. A big part of that was Paul Atreides and the
Sibol Honor of Kings bags Bronze Medal at Asian Games 2026
Sibol’s Honor of Kings squad came into the Asian Games with a podium finish as its target. It left Aichi-Nagoya with a bronze medal after making its way through a long opening day, sweeping South Korea in the quarterfinals, and eventually falling to defending champion China in the semifinals. The Philippines began its Honor of
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.