These are the N.J. counties that saw the biggest spikes, dips in homes sales
NJ.com
Over the last 20 years, the rural markets “were crippled because they were just far and the trend was to live in places that were more convenient,” Jeffrey Otteau said. “We’re seeing a reversal of that.”
The housing market is hot for many reasons. Millenials are one of them.
NJ.com
“We’ve seen a record level of home purchases in the midst of the most severe economic recession in a century,” said Jeffrey Otteau, a real estate economist and President of the Otteau Group, a Real Estate Valuation & Consultant Company.…
Suburban Home Sales Soar in the New York Region
NY Times
Jeffrey Otteau, the president of the Otteau Valuation Group, based in Matawan, N.J., agreed that once-depressed urban areas would recover. “I don’t think anyone expected people would leave the city,” he said, “and never come back.”
Otteau Group Announces the Acquisition and Merger of PATJO Appraisal Services, Inc.
Matawan, NJ - March 3rd , 2021 - The Otteau Group, Inc. is proud to announce the acquisition of PATJO Appraisal Services, Inc. and its team of accomplished professionals with a combined 50 years of multi-faceted real estate experience. Leading…
NJ Retail, Office Space Vacancy Continues to Grow as Covid Drags On
NJ 101.5
According to Otteau Valuation Group, based in Matawan, retail space vacancy (including restaurants) in New Jersey is up by 4 million square feet compared to the beginning of 2020. The same goes for office space throughout the state.
ROI-NJ Presents the 2020 ROI Influencers: Real Estate List
ROI NJ
Jeff Otteau, no one does what he does better. It's as simple as that. Otteau is the go-to source for evaluation and analysis needed to show any project is worth doing- or not worth doing.
10 Jersey Towns with Soaring Home Sales
NJ Monthly
Sale contracts were up 37 percent statewide in July 2020 over July 2019, with gains in all counties, according to an analysis by the Otteau Group.
Does Taxing the Wealthy Really Drive Them Away?
The Real Deal
If and when the nation brings the coronavirus under control, the state’s millionaires’ tax will become part of the calculus for wealthy buyers deciding whether to move back to New York City, according to Jeffrey Otteau, president of the Otteau…
New Apartments in the Suburbs Attract New Yorkers
New York Times
Until the pandemic, Hudson County, which includes Hoboken and Jersey City, was the top-performing real estate market in the state, according to Jeffrey Otteau, president and founder of Otteau Group, a real estate analytics and appraisal firm. But demand for…