Central Jersey home sale values rising: Is it enough?
My Central Jersey / mycentraljersey.com
The good news is that home sale prices improved last year in more than half of Central Jersey municipalities. The bad news is that home values remain nowhere near prices in 2006, before the market collapse and recession, a Gannett…
Apartment, retail plans pitched in Bedminster
The Bernardsville News / newjerseyhills.com
"The board then heard testimony from Jeffrey Otteau, an East Brunswick-based real estate broker hired by the applicant. He began with economic and demographic overviews. New Jersey has recovered only two-thirds of the jobs lost during the 2007-09 recession, and…
Apartment, retail plans pitched in Bedminster
bernardsville_news / newjerseyhills.com/bernardsville_news/
An architectural rendering shows one the retail buildings proposed at the 15-acre Advance Realty at Bedminster office complex on Route 206. The rendering was prepared by Minno and Wasko Architects and Planners of Lambertville.
Real Estate Predictions 2016: Buy, sell, hold
NJBIZ / njbiz.com
"There's good cause for optimism for the real estate markets in 2016, especially in New Jersey. The faster pace of the state's job gains in 2015, coupled with continuing improvement in the financial markets, has led to significant demand growth…
Job growth lifts housing outlook for 2016
The Record / northjersey.com
"Given the continuing economic recovery, this year will be a good year for housing," said Jeffrey Otteau, an East Brunswick appraiser who tracks the housing market statewide.
How Much House Will A Rate Hike Cost You?
Forbes / forbes.com
I spoke with Debbie Lansing, a realtor with Keller Williams in Montclair, NJ, and she cited real estate appraisal valuation guru Jeffrey Otteau, offering that "each 1% increase in interest rates translates to a 9% drop in the price of…
How Much House Will A Rate Hike Cost You?
Forbes / forbes.com
The surprisingly strong employment report that we got on Friday quickly upped the odds for a Fed Funds rate hike in December. October delivered strong job creation, surging average hourly earnings, a decline in the unemployment rate, essentially all of…
N.J. home sales activity at highest level since 2005
The Record / northjersey.com
Otteau predicted that home prices will increase about 4 percent next year, as sales activity remains strong. Low mortgage rates, an improving employment market and pent-up demand are increasing the buyer pool, he said.
Property tax appeals on the rise in New Jersey
New Jersey 101.5 / nj1015.com
According to Jeff Otteau, president of Otteau Valuation Group Inc., home prices in New Jersey are still down by about 20 percent from the peak prices before the Great Recession in 2006 which is twice as much as the nation…