NJ Home Prices Increase for the 5th Consecutive Quarter
NJBIZ / njbiz.com
New Jersey home prices are consecutively increasing ever since the housing recovery began. According to an Otteau Valuation Group Inc. report, this is due in part to an increase in the demand to buy a house combined with a tight…
Monmouth and Ocean real estate market poised to grow in spring
Asbury Park Press / app.com
After 26 straight months of increasing sales, the snowy start to 2014 took its toll on the housing market in both counties. In Monmouth County, sales declined by 14.5 percent to 465 through early March, compared with 544 during the…
Real Estate Analyst Warns Suburban Land Use Regulations Driving People, Jobs Away
New Jersey Future / njfuture.org
In his keynote address at the New Jersey Chapter of the American Planning Association's annual conference Jan. 24, real estate expert Jeffrey Otteau, president of the Otteau Valuation Group, issued a stern challenge to planners: Big changes to municipal land…
Housing recovery expected to gain momentum
The Record / northjersey.com
New Jersey's housing recovery is expected to gain momentum this year, with prices and construction on the rise, boosted by an improving economy. 'The strength of the housing market will certainly continue into 2014,' said Jeffrey Otteau, an East Brunswick…
Sell Your Home Now!
New Jersey Monthly Magazine / njmonthly.com
As hot as the market is, some potential sellers are still dragging their feet, hoping to take further advantage of rising prices. Analyst Otteau says this is not always the best strategy. Currently, he says, New Jersey is in a…
Homes sales increased 17 percent in 2013 while prices held steady at year’s end
The Star Ledger / nj.com
According to the Otteau Valuation Group, home sales last month rose 23 percent over the previous November, marking 26 consecutive months of sales increases. Overall, home sales in 2013 rose more than 17 percent. Over the past two years, home…
NJ foreclosure pipeline remains clogged
The Wall Street Journal / wsj.com
'The rest of the country, about 75 percent of the U.S., will have cleared out their foreclosure backlog by summer 2014,' said Jeffrey Otteau, of the Otteau Valuation Group, an East Brunswick, N.J.-based real estate consulting group. 'New Jersey will…
State to end program for homeowners fighting foreclosure as federal money nears end
The Star Ledger / nj.com
A report from the New Brunswick-based Otteau Valuation Group found foreclosure rates in New Jersey dropped to 10.5 percent last month from 10.8 percent in September, but the figure still ranks as the second highest in the nation behind Florida's…
NJ Home Prices Have Largest Quarterly Price Increase Since the Recovery Began
Jeffrey G. Otteau, Otteau Valuation Group, Inc. / OTTEAU.com
Median home prices in the state rose by 6.4% in Q3 compared to one year ago. This marks the largest rise since the housing recovery began and is the 4th consecutive quarterly increase. The median home price in New Jersey…