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…
Shadow Inventory: Monitor Banks’ Speed, Not Just Volume
Wall Street Journal / wsj.com
To the extent banks to ramp up the foreclosure process, the shadow is more likely to resemble a "tornado" than a "flood," as it will strike particular communities while bypassing others, says Jeffrey Otteau, president of Otteau Valuation Group, an…
Local Prices Slow to Mend
Wall Street Journal / wsj.com
It's urban and rural markets where home prices are the worst, says Jeffrey Otteau, president of Otteau Valuation Group, a New Jersey-based analysis firm. "That's where the greatest number of subprime loans originated, where unemployment is highest.".
Morristown Condos Close to Sell-Out As Home-Buying Increases Across State
Globest.com
Statewide, according to the latest data from market analysts at the Otteau Valuation Group based in East Brunswick, home sales volume was up 23 percent in April compared to last year at the same time. The April rise followed similar…
Jersey Shore properties bouncing back
The Record / northjersey.com
Overall, New Jersey has experienced a 25 percent spike in home sales during this period, yet Otteau said it's not surprising that Shore real estate is lagging because a home there is often a second home - a luxury. "We're…
Signs Point to Rentals
The New York Times / nytimes.com
In New Jersey, the ownership drop has been even steeper: to 64.4 percent the first quarter of this year from a high of 71.3 percent in early 2005, according to data compiled by the Otteau Valuation Group. The company president,…
Partly Sunny at the Shore
The New York Times / nytimes.com
Real estate activity has picked up, if a little less robustly at the shore than the rest of the state as a whole, according to Jeffrey Otteau, the president of the Otteau Valuation Group. Statewide, first-quarter sales were up 25…
Home affordability better than ever before, experts say
Press of Atlantic City / pressofac.com
The five-year housing slump has taken the market to never-before-seen levels of home affordability, in New Jersey and nationwide…Jeffrey Otteau, whose Otteau Valuation Group in East Brunswick researches the state's housing market, said that a typical prospective home buyer now…