Print Media Archive

Demand for Office, but Not Homes
June 15, 2007
New York Times
AFTER more than five years, the huge inventory buildup of commercial office space in New Jersey is beginning to diminish. Coincidentally, as best the pundits can tell, the inventory of unsold homes has hit a record high. "Markets do have lives of their own," said Jeffrey G. Otteau.
Read More

RealtyTrac to revise formula
June 12, 2007
The Star Ledger
When RealtyTrac releases data on home foreclosures each month, media outlets across the country rush to print and broadcast the news. But housing experts such as Jeffrey Otteau, president of the Otteau Valuation Group, a leading real estate research firm in New Jersey, believes RealtyTrac's existing methodology is highly misleading.
Read More

It's Spring. Somebody Tell the Buyers
May 27, 2007
New York Times
IT'S spring, the traditional time for hope and growth in residential real estate sales. But beyond the borders of New York City, there are indications that a wintry chill besets the market in much of the region..The number of sales contracts signed in April declined in 20 of 22 counties monitored by the Otteau Valuation Group, which does market analysis.. ...
Read More

This Housing Slump Is for Real but Overblown
May 21, 2007
The NJBIZ Interview - Jeffrey G. Otteau
Housing analyst Jeffrey G. Otteau is widely seen as a sobering voice in a market frequently in the throes of a boom-or-bust mentality. Otteau, the president of Otteau Valuation Group Inc. in East Brunswick, acknowledges that delinquencies and foreclosures in subprime loans have worsened the current downturn by making mortgages harder to get and pushing some prospective homebuyers out of the market. However, he calls the foreclosure problem exaggerated and says the fear of a crisis could become a self-fulfilling prophecy. Otteau discussed the New Jersey housing market with NJBIZ Staff Writer Shankar P.
Read More

Home Prices Fall in Rich New York Suburbs Once Immune to Slump
May 9, 2007
Bloomberg Print Media
The U.S. housing slump has hit New York City's richest suburbs. Wealth and excellent credit have until now spared bedroom communities in New Jersey, Connecticut and New York's Westchester County from declines in home prices. Now the tightening of credit in response to rising subprime defaults has disrupted the real estate food chain, bringing the national housing slump to Manhattan's doorstep. First-time home buyers are more likely to be subprime borrowers. Every purchase of an existing house by a first-time buyer triggers four other sales in the housing market, said Jeffrey Otteau, president of Otteau Valuation Group in East Brunswick, New Jersey.
Read More

Why Sellers May Be Disappointed
March 11, 2007
New York Times
HOME sellers beware. Despite what real estate industry data might suggest, sales prices were down around the state last year - and prices are still flat in most locales, according to Jeffrey G. Otteau, who heads Otteau Valuation Group...
Read More

Public payroll swells, private sector shrinks, housing prices fall
January 27, 2007
Press of Atlantic City
Those conclusions come from Jeffrey Otteau, president of Otteau Valuation Group Inc, which tracks housing trends for the real estate market. His latest report, the 2007...
Read More

Housing Glut Gives Buyers Upper Hand
January 25, 2007
The Wall Street Journal
Amid a continuing glut of homes for sale in most of the country, buyers should have lots of choices and plenty of bargaining power in the spring selling season.. Mr. Otteau figures home prices fell an average of about 10% ...
Read More

Northern New Jersey market starts to drag
September 2006
The Real Deal
Home sales statewide declined 17 percent during the first half of 2006 and inventory rose 70 percent, according to a widely followed market report from Jeffrey Otteau, president of Otteau Valuation Group....
Read More