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…
Manhattan homes are harder to buy. Hello, New Jersey
The Star-Ledger/NJ.com
According to the July market report by Otteau Valuations Group, contract sales in Hudson County are up 21 percent year-to-date, and the largest growth sector - 9 percent - is in homes priced at between $1 million and $2.5 million.
North Jersey housing market hot as buyers return
The Record / northjersey.com
The 'buy now, pay less' mood among home buyers is creating a sense of urgency, Jeffrey Otteau, an East Brunswick appraiser who tracks the statewide housing market, wrote in a recent report. The pace of sales in the state is…
Million-dollar homes haven’t fully emerged from recession yet
The Star Ledger / nj.com
What the affluent have is the ability to pick the time they want to sell, Otteau said. "They can ride out tough times. They didn't experience unemployment like the lower-income households did. They are more liquid and can ride out…
Is the Housing Market Making a Jersey Comeback?
NJ Spotlight / njspotlight.com
Speaking at a real estate seminar earlier this spring, Jeff Otteau, who, as president of East Brunswick's Otteau Valuation Group is one of the state's most influential real estate analysts, predicted that this year's home prices will settle three percent…
Tips for a warming housing market
The Record / northjersey.com
Otteau predicts that buyers will be less cautious and jump into the market. He also says that this spring will be the most active the real estate market has seen in New Jersey for the past five years. For those…
NJ Home Prices Increase for 2nd Consecutive Quarter
Jeffrey G. Otteau, Otteau Valuation Group, Inc. / OTTEAU.com
New Jersey home prices increased for the 2nd consecutive quarter due to rising purchase demand and tight inventory levels. Median home prices increased by 2.07% in the 1st quarter with a median home price of $262,661 up from $257,331 one…