North Jersey becoming an apartment haven
North Jersey / northjersey.com Otteau said he expects these housing trends to continue as local elected officials are now more likely to see higher-end apartment complexes as net revenue generators — that is, the taxes paid on the site are…
The 5 most competitive places to buy a home in New Jersey
There's a couple of reasons as to why new housing inventory has slowed down in the last few years, according to Jeff Otteau, president of the real estate appraisal firm Otteau Group. First of all, homeowners are staying in their…
Where are rents rising faster than Manhattan: Would you believe Oak Tree Road in Iselin?
NJBIZ / njbiz.com
"While rents are not nearly as high as Manhattan, they are higher than other suburban markets, vacancy is extremely low and rents are rising rapidly … faster than most NYC submarkets," Otteau said.
Home Sales Brisk in New York City’s Suburbs
The New York Times / nytimes.com
And in the inner-ring New Jersey suburbs closest to Manhattan, the markets are so brisk that many have less than three months' worth of inventory, according to Jeffrey Otteau, the president of the Otteau Group, an appraisal and advisory firm.…
High-end, multi-family developments popping up in Central Jersey
My Central Jersey / mycentraljersey.com
"There has been a fundamental shift in housing preferences here in New Jersey ” away from single family homes and towards multi-family housing," said Jeffrey Otteau, president of Otteau Group, an information provider on real estate trends.
New Jersey Home Sales Surged in January
Fox Business / foxbusiness.com
Sales of new and existing homes in January increased 14% compared with the same month in 2016, and rose 31% from 2015, according a market report by Jeffrey Otteau, president of the Otteau Group, an appraisal and consulting firm.
Somerville will take breather on landfill redevelopment
My Central Jersey / mycentraljersey.com
The first public meeting will be Feb. 27, when real estate expert Jeffrey Otteau will deliver a presentation on markets trends. The meeting will be held in the Freeholders' Meeting Room in the County Administration Building on Grove Street. No…
CRE MARKET FORECAST: Predictions from industry experts
Real Estate NJ / re-nj.com
"2017 is shaping up to be another good year for New Jersey's real estate markets despite the state's 'worst in class' economic performance in 2016. Those real estate sectors that are attached to the new 'sharing economy,' like apartments and…
New Jersey Tops National Foreclosure List For Second Consecutive Year
The Wall Street Journal / wsj.com
Jeffrey Otteau, an appraiser and president of the Otteau Group Inc., said the New Jersey foreclosure data also reflected the state's weak economic performance since the last recession. In 2015, he noted, household income rose 0.4% in the state, compared…