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…
Tilcon hearing in Bloomingdale canceled
The Record / northjersey.com
The Otteau Group will determine the effect on the surrounding property values in the immediate submarket area in the event the quarry expansion is approved. The firm will also analyze whether the development of inclusionary multi-family housing on a portion…
Brooklyn Expats Come Home
The New York Times / nytimes.com
Compare that with data provided by Jeffrey G. Otteau, president of the Otteau Group, an information provider on real estate trends, which showed median prices in Summit, N.J., at $797,500 and in Ridgewood, N.J., at $700,000, and it’s clear that…
PlanSmart to develop reuse plan for campuses
NJBIZ / njbiz.com
Housing market expert Jeffrey G. Otteau expects the surge to come in two waves, starting with millennials who currently rent and will look to transition to owning. He projects that group to buy about 175,000 homes over the next five…
Planners eye Route 18 corridor for redevelopment
The Suburban / gmnews.com
East Brunswick currently has a 12 percent commercial vacancy rate. According to Banisch, a decline in people age 25 to 34 has also contributed to the flight of commercial ratables. Jeff Otteau, a real estate expert with the Otteau Valuation…