After tepid 2014, home prices forecast to rise 3.5% this year
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…
Condos making comeback in Jersey: Class finally recovering in state’s prime locations
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…
Cedar Grove Planning Board kicks K. Hovnanian proposal back to council
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…
What do millennials really want?
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…
Mill Creek setting sights on growth in New Jersey
NJBIZ / njbiz.com
Mill Creek, one of the largest multifamily builders in the country, has those plans as the Garden State continues to see a surge in apartment construction. And experts say the fundamentals are there to support continued demand at least over…
Great Swamp-Passaic Municipal Alliance opens dialogue
The Daily Record / dailyrecord.com
On Dec. 10, the Morristown-based Great Swamp Watershed Association welcomed economist and real estate appraiser Jeffrey Otteau as the featured speaker during the fourth gathering of the recently-formed Great Swamp-Passaic Municipal Alliance held at the Geraldine R. Dodge Foundation in…
East Brunswick takes first step in local redevelopment process
The Sentinel / eb.gmnews.com
The motion comes a month after Jeff Otteau, a real estate expert with the Otteau Valuation Group, spoke to the council about "gloomy" and "concerning" business conditions for the township. Otteau pinpointed the area between Eggers Street and West Ferris…
NJBIZ Power 50 Real Estate leaders revealed
NJBIZ / njbiz.com
Jeffrey Otteau ranked among the NJBIZ Real Estate Power 50 for the 4th straight year. To find out who made the cut and where they ranked, check out our Power 50 slideshow
Home prices still years away from rebound to pre-recession peaks, analyst says
The Record / northjersey.com
Jeffrey Otteau of the Otteau Valuation Group in East Brunswick, whose forecasts are widely followed in the real estate community, predicted that state home prices will rise 2 percent this year and 3 percent next year. That's a slower pace…