Emerging trends for Bergen County homes confirms my earlier suspicions. While nothing major is happening, it’s becoming more and more apparent that the market has shifted. To understand what’s happening, let’s go back to what I have in a previous article and look at market data. I’m going to use 2019 comparative dat because it’s the last normal market we’ve had. The Fed and Rates In a recent article I…
Posts Tagged: #jeffotteau
Understanding The Luxury Market
Understanding the luxury market involves Covid. The market for high end homes took off because of Covid 19. While there has always been a client for luxury properties, demand increased tremendously over the past 18 months. Upper tier homes never recovered from the Great Recession as one would have expected. The 2 driving forces for this were taxes and the internet. Taxes and the Internet New Jersey taxes are among…
