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,…
The demand for over-sized homes is back
The Star-Ledger / nj.com
Jeffrey Otteau, head of the Otteau Valuation Group, said home sales in the $600,000 to $1 million price range are up 17 percent in New Jersey from the second half of last year. Houses priced $1 million to $2.5 million…
Housing data give reason for optimism
NJBIZ / njbiz.com
Jeffrey Otteau, president of Otteau Valuation Group Inc., in East Brunswick, said New Jersey's housing market is in a similar, relatively good spot. Otteau's firm found median home prices in New Jersey down half a percentage point in the second…
Incentives help N.J. seniors get moving, retirement communities reach out with a host of services
The Star-Ledger / nj.com
In New Jersey, the reasons for a real estate uptick are complicated, and Jeffrey Otteau, president of the Otteau Group, cautioned against reading too much into any one data set. Real estate values are based on local factors and it…