Tilcon hearing in Bloomingdale canceled
The Record / northjersey.com
The Otteau Group will determine the effect on the surrounding property values in the immediate submarket area in the event the quarry expansion is approved. The firm will also analyze whether the development of inclusionary multi-family housing on a portion…
Brooklyn Expats Come Home
The New York Times / nytimes.com
Compare that with data provided by Jeffrey G. Otteau, president of the Otteau Group, an information provider on real estate trends, which showed median prices in Summit, N.J., at $797,500 and in Ridgewood, N.J., at $700,000, and it’s clear that…
PlanSmart to develop reuse plan for campuses
NJBIZ / njbiz.com
Housing market expert Jeffrey G. Otteau expects the surge to come in two waves, starting with millennials who currently rent and will look to transition to owning. He projects that group to buy about 175,000 homes over the next five…
Planners eye Route 18 corridor for redevelopment
The Suburban / gmnews.com
East Brunswick currently has a 12 percent commercial vacancy rate. According to Banisch, a decline in people age 25 to 34 has also contributed to the flight of commercial ratables. Jeff Otteau, a real estate expert with the Otteau Valuation…
Real estate lending rises in North Jersey
The Record / northjersey.com
Importantly, unlike during the recession, property values have been on the rise and commercial property vacancy rates, with the exception of office space, are generally pretty low. That makes property owners less likely to default on loans. The vacancy rates…
Hamptons Home Sales, Prices Pick Up
The Wall Street Journal / wsj.com
In New Jersey, data compiled by Jeffrey G. Otteau, an appraiser and market analyst, showed that activity and prices lagged for much of last year, with the number of contracts beginning to rebound last fall.
The twin risks of flood-prone real estate
The Record / northjersey.com
According to Jeffrey Otteau, an East Brunswick appraiser who tracks the real estate market statewide, home sellers with high flood insurance premiums generally have to discount their asking prices significantly, to offset the monthly cost of the insurance.
Can New Jersey’s suburbs survive the millennial generation?
Asbury Park Press / app.com
Monmouth and Ocean counties were hit harder. Monmouth County's median home price fell from $422,492 in the second quarter of 2006 to $350,000 in the fourth quarter of 2014, or 17 percent. Ocean County's median price dropped from $285,154 in…
Age-restricted housing plan in Peapack-Gladstone now in doubt
The Bernadsville News / newjerseyhills.com
Jeffrey Otteau, a marketing expert hired by the developer, said families were unlikely to purchase a unit because 61 percent of households within five miles of the site have no children under 18 living at home. He also said the…