10 Jersey Towns with Soaring Home Sales

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?

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 Group.

New Apartments in the Suburbs Attract New Yorkers

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 condos, a popular market in this part of New Jersey, dropped by 13% in August compared to the same period last year.

New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’

“The demand has to come from somewhere, and we think most of that is coming from New York City,” Mr. Otteau said. “In some ways, this looks to me like the 1960s and 1970s, when there was a large outflow of the population pushing into the suburbs.”

As Interest Rates Rise, The NJ Real Estate Market's New Twist


As a result, Jeff Otteau, the founder of the Otteau Group Real Estate Valuation and Consulting Co. in Matawan, and managing broker at Hudson Atlantic Realty, said the housing market in New Jersey continues to unravel.