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…
Sandy expected to create opportunity for investors
NJBIZ / njbiz.com
Otteau said many of the homes that were destroyed had no flood insurance because the homes have been passed down several generations, and flood insurance is only required when there is a mortgage. "Even if they had flood insurance, they…
Commuter towns hold value better
The Record / northjersey.com
While home values have fallen about 25 percent in the region since the housing boom's peak in 2006, prices have held up better in towns along commuter train lines. According to a study by Otteau Valuation Group of East Brunswick,…
N.J. home sales enjoying rebound
NJBIZ / njbiz.com
The upswing in the housing market is a boost for the economy overall, said Jeffrey G. Otteau, president of the appraisal firm Otteau Valuation Group, in East Brunswick. "The recovering housing market creates construction jobs and generates retail spending," he…
Housing Signals Mixed
Wall Street Journal / wsj.com
A few weeks ago, Jeffrey G. Otteau, an appraiser and founder of Otteau Valuation Group, reported that strong job growth had led to a "steady improvement in the home purchase market" in New Jersey over the last 18 months. He…
More parents choosing New York City over Bergen County, data shows
The Star Ledger / nj.com
The number of children younger than 5 has dropped by 6,000 in Bergen County since 2000 as more parents choose New York City over the suburbs, the Record reported. The decline of young families will hold down prices for suburban…