Report: Leasing activity at less-desirable buildings driving office rebound
NJBIZ / njbiz.com
According to Jeffrey Otteau, president of East Brunswick-based Otteau Valuation Group Inc., that cost containment stems from companies focusing on their bottom lines more than ever before, which has led them to factor in rising rents for upgraded space.
Warm weather, improved economy bringing out homebuyers and sellers this spring
The Star-Ledger / nj.com
This is extraordinary, said Jeffrey Otteau, president of the Otteau Valuation Group in East Brunswick. The market is "exploding off the charts, and I'm convinced this is just the early stages of what is yet to come. "And, I'm not…
Area’s home prices drop 2.9% in January
The Record / northjersey.com
The report came a day after East Brunswick appraiser Jeffrey Otteau said that the New Jersey spring home-buying market will be the busiest in four years - though he also predicted that home prices will remain flat this year.
Experts at Atlantic City builders convention predict housing will show growth in New Jersey
Press of Atlantic City / pressofatlanticcity.com
The forecast of modest growth in home values and new construction was relatively upbeat in the context of a still-bruised housing market. "We're likely to see home prices increase in the low single digits annually - 2 (percent), 3 (percent),…
N.J. housing market recovering, appraiser says
The Record / northjersey.com
We are at a turning point in the housing market and the economy, said Otteau, who tracks the statewide market from his office in East Brunswick and whose forecasts are widely followed. "The bounce in home sales [in January and…
High Marks for Transit Hubs
The New York Times / nytimes.com
The latest survey on home prices conducted by the Otteau Valuation Group found that towns along the rail lines with New York City commutes of less than 50 minutes saw real estate values increase by 3.6 percent from 2010 to…
Metuchen narrows builders’ pitches for Pearl St. project
Sentinel / gmnews.com
And so much of this is to really support Main Street, he said. Otteau told officials there is a demand for residential space in the "renter by choice" category, Muldoon said. These people, who are often younger professionals or older…
Housing index puts N.J.’s market near bottom
NJBIZ / njbiz.com
Based upon long-term economic and housing data, New Jersey ranks as one of the weakest markets in the country, Otteau said. "However, over the last seven months, economic growth has actually outpaced the rest of the nation, and the housing…
Sinking home prices leave some NJ homeowners unable to upgrade
Daily Record / dailyrecord.com
One result: Some 310,000 homeowners in New Jersey, or 16 percent of the state's homeowners, are "underwater," owing the bank more than their homes are worth, said Jeffrey Otteau, president of Otteau Valuation Group, a real estate appraisal and consulting…