Real estate lending rises in North Jersey

Posted on

The Record / northjersey.com

Importantly, unlike during the recession, property values have been on the rise and commercial property vacancy rates, with the exception of office space, are generally pretty low. That makes property owners less likely to default on loans. The vacancy rates…

Read More

Hamptons Home Sales, Prices Pick Up

Posted on

The Wall Street Journal / wsj.com

In New Jersey, data compiled by Jeffrey G. Otteau, an appraiser and market analyst, showed that activity and prices lagged for much of last year, with the number of contracts beginning to rebound last fall.

Read More

The twin risks of flood-prone real estate

Posted on

The Record / northjersey.com

According to Jeffrey Otteau, an East Brunswick appraiser who tracks the real estate market statewide, home sellers with high flood insurance premiums generally have to discount their asking prices significantly, to offset the monthly cost of the insurance.

Read More

Can New Jersey’s suburbs survive the millennial generation?

Posted on

Asbury Park Press / app.com

Monmouth and Ocean counties were hit harder. Monmouth County's median home price fell from $422,492 in the second quarter of 2006 to $350,000 in the fourth quarter of 2014, or 17 percent. Ocean County's median price dropped from $285,154 in…

Read More

Age-restricted housing plan in Peapack-Gladstone now in doubt

Posted on

The Bernadsville News / newjerseyhills.com

Jeffrey Otteau, a marketing expert hired by the developer, said families were unlikely to purchase a unit because 61 percent of households within five miles of the site have no children under 18 living at home. He also said the…

Read More

After tepid 2014, home prices forecast to rise 3.5% this year

Posted on

The Record / northjersey.com

After treading water in 2014, New Jersey home prices will get a boost from low mortgage rates and an improving job market this year, appraiser Jeffrey Otteau predicted Tuesday. Otteau, an East Brunswick appraiser whose forecasts are widely followed in…

Read More

Condos making comeback in Jersey: Class finally recovering in state’s prime locations

Posted on

NJBIZ / njbiz.com

The activity comes amid measured improvement in the state's condo market. Sales of condos and town homes reached 20,714 last year, up 0.5 percent from 2013 and 22 percent from 2012, according to the New Jersey Association of Realtors. The…

Read More

Cedar Grove Planning Board kicks K. Hovnanian proposal back to council

Posted on

The Record / northjersey.com

Otteau laid out three categories of buyers that he thinks will be interested in this product: childless by choice (couples opting to not have children), empty nesters (couples whose children have grown up and moved out), and second home owners…

Read More

What do millennials really want?

Posted on

My Central Jersey / mycentraljersey.com

The concept behind Advance Realty's plans for the redevelopment site is to include retail, commercial and residential uses on the property. Otteau said corporations are looking for locations where employees can have easy access to amenities, such as Starbucks, and…

Read More