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…
New Jersey home prices slowly returning to 2006 levels, study finds
The Star Ledger / nj.com
A quarterly market analysis by the Otteau Valuation Group in East Brunswick found median home prices in New Jersey rose 6.4 percent in the third quarter over last year. It marks the largest rise since the housing recovery began and…
NJ home values to rise 5% a year, appraiser predicts
The Record / northjersey.com
The state's slowly improving job picture is like oxygen to the housing recovery," Otteau said at a seminar in East Hanover for real estate agents."
Realtor: Little Silver Among State’s Strongest Housing Markets
LittleSilver-Oceanport Patch / littlesilver.patch.com
Mr. Otteau identified the 21 towns with the strongest real estate markets in New Jersey. There were 8 in Bergen County, 4 in Essex County, 2 each in Monmouth and Morris Counties, and 1 each in Hudson, Mercer, Middlesex, Union…
Superstorm still taking its toll on home prices
Courier-Post / courierpostonline.com
Jeffrey Otteau, president of Otteau Valuation Group, a research firm based in East Brunswick, said home prices in waterfront towns along the Jersey coast from Monmouth to Cape May counties fell 3 percent in the second quarter from the same…
Home affordability slips as sales increase: report
The Star Ledger / nj.com
Increases in mortgage rates have had little effect yet in New Jersey on the housing market, according to the Otteau Valuations Group. In its latest report, East-Brunswick-based Otteau noted home sales increased by double-digit figures for the fifth consecutive month…
NJ Home Prices Increase for 3rd Consecutive Quarter
Jeffrey G. Otteau, Otteau Valuation Group, Inc. / OTTEAU.com
Median home prices in New Jersey rose by 4.1% in Q2 compared to one year ago. This marks the largest rise since the housing recovery began and is the 3rd consecutive quarterly increase. The median home price in New Jersey…
Real Estate expert: Hotel would be successful in Howell
Tri-Town News/tri.gmnews.com
The hotel is a viable site and will be successful in this area, Otteau said. "The demographics and the information in our reports show that it would be a healthy structure. The data that we analyzed for the report all…