Taking first stab at assessing Sandy’s impact
The Record / northjersey.com
Real estate consultant Jeff Otteau, president of the East Brunswick-based Otteau Evaluation Group, told the committee he anticipated it will take two years to complete rebuilding efforts. "Assuming it's completed over those two years, we'd see $4 billion in residential…
South Jersey called a ‘sweet spot’ for home buyers
Courier Post / courierpostonline.com
According to a report issued by the Otteau Valuation Group, a real estate consulting firm based in East Brunswick, there is an average of 57,000 unsold homes for sale in New Jersey. That's the lowest number since 2005, when housing…
A change of plans could save failing real estate
NJBIZ / njbiz.com
Real estate appraiser Jeffrey G. Otteau, president of Otteau Valuation Group, also said the bill's changes are necessary. He said towns are failing to deal with economic and demographic changes in the state, including declining incomes and numbers of children.…
Real estate at the Shore: Opportunities likely
The Star Ledger / nj.com
Jeffrey Otteau of Otteau Valuations said it will take several months for homeowners to evaluate insurance claims and make a decision. Some may conclude they can't afford to stay. "Flood insurance coverage and the money that comes from FEMA is…
Appraiser sees NJ home prices rising in 2013, after long slide
The Record / northjersey.com
After a long, steep slide, New Jersey home prices are poised to begin rising again - slowly - in 2013, appraiser Jeffrey Otteau said Thursday. But it will take until 2020 for values to return to their 2005 levels, and…
Economist says N.J. housing recovery will drag through 2020
NJSpotlight / wnyc.org
Construction companies wanting to build in New Jersey are looking at a mixed bag, said Jeffrey Otteau, president of the Otteau Valuation Group, a research company based in East Brunswick.
New Jersey home building on pace for best year since 2008
NJSpotlight / wnyc.org
Construction companies wanting to build in New Jersey are looking at a mixed bag, said Jeffrey Otteau, president of the Otteau Valuation Group, a research company based in East Brunswick.
Bidding wars, rebounding prices signal the Jersey Shore real estate market is coming back
Asbury Park Press / app.com
In New Jersey, contract sales for the year through August were up 24 percent compared with the same period last year, according to the Otteau Valuation Group, an East Brunswick real estate consulting firm. Nine of the state's 21 counties,…
Big jump in home sales reason for optimism, expert says
NJBIZ / njbiz.com
Jeffrey Otteau, the firm's president, said the strong activity has been driven by low interest rates, loosening mortgage qualification standards by banks and rising apartment rents. With those factors, along with an improving economy and stabilizing home prices, he said,…