Some Wrongfully Foreclosed Homeowners Will Get Monetary Compensation
NJ Today / NJTVonline.org
This practice has stopped, but the moratorium on foreclosures created a backlog, which is the main reason why foreclosures have been on the rise in New Jersey over the past year. "In the first quarter of 2013, they were up…
Foreclosures in New Jersey still up, but correcting course
The Star Ledger / nj.com
Brunswick-based Otteau Valuations Group tracked similar numbers, recording a 49 percent increase from the first quarter of last year, but also noted a 10 percent drop from February to March this year. Jeff Otteau, president of the group, said the…
Sellers Gaining Upper Hand
Wall Street Journal / wsj.com
Jeffrey G. Otteau, an appraiser and housing consultant in New Jersey, said that "the big change is a sense of urgency in the market" had last surfaced in 2006, before the collapse of housing prices. "Home buyers are convinced that…
Housing market growing, but problems remain, analysts tell Atlantic City audience
Press of Atlantic City / pressofatlanticcity.com
Jeff Otteau, the president of the Otteau Valuation Group, delivered the strongest message, telling those gathered at the Tropicana Casino and Resort that the housing market has grown rapidly - perhaps too rapidly - driven by historically low prices and…
Housing Prices Rebounding in New Jersey
NJ Today / NJTV
Housing prices are on the rise in New Jersey and experts expect they will continue in an upward trend this year. Otteau Valuation Group President Jeffrey Otteau told NJ Today Senior Correspondent Desiree Taylor that he believes "the stars are…
Real People
The Press of Atlantic City / pressofatlanticcity.com
The Atlantic Builders Convention will be held April 10-11 at the Atlantic City Convention Center. The panel of experts will include Jeffrey Otteau, president of Otteau Valuation Group.
Rebound expected in N.J. home prices
The Record / northjersey.com
After a six-year slide, New Jersey’s housing market appears to be at a turning point, with prices expected to rise this year... This reversal was underscored Thursday by East Brunswick appraiser Jeffrey Otteau, who tracks real estate statewide. He predicted…
Real estate auction indicative of market’s slowly building recovery
NJBIZ / njbiz.com
Jeffrey Otteau, president of Otteau Valuation Group in East Brunswick, said he expects construction to further pick up, increasing demand for developable property. "The reason is there is a stronger appetite to acquire real estate today because a bottom has…
North Jersey real estate agents say bidding wars are back
The Record / northjersey.com
The spring market started very early this year, said Jeffrey Otteau of the Otteau Valuation Group in East Brunswick, who follows the housing market around the state. Otteau notes that low inventory is caused in part by the fact that…