Home sales continue to fall in South Jersey
Courier Post Online
Some observers predict more air will come out of prices. Jeffrey Otteau, founder of Otteau Valuation Group in East Brunswick, told a gathering of agents in East Hanover on Monday that he expects home prices in New Jersey to decline…
Appraiser: Home prices could drop another 6 percent in 2011
The Record
New Jersey home prices will drop another 6 percent in 2011, an East Brunswick real estate appraiser predicted Monday. This is not a pretty picture, and it's not what you would prefer to hear, but it's what's going on out…
Housing Gloom Deepens
The Record
Long after other parts of the country have burned off their excess foreclosure inventory, we will still be digesting ours, that's for sure, said Jeffrey Otteau, president of Otteau Valuation Group, an East Brunswick, N.J., appraisal firm."
Thousands of N.J. homeowners in foreclosure ‘limbo land’
The Philadelphia Inquirer
Ask experts such as Goldstein or real estate analyst Jeffrey Otteau, president of Otteau Valuation Group, for the reasons and they will rattle off possible causes: New Jersey has the highest unemployment rate in the region, at 9.6 percent in…
Looking for light at tunnel’s end
NJBIZ
Without this project, there's no question future growth in property value and in tax revenues would be reduced, said Jeffrey G. Otteau, president of Otteau Valuation Group Inc., an East Brunswick-based appraisal and consulting services firm."
A Housing Market Divided
The New York Times
Both are hurting, of course, but the southern half is a world of hurt apart, according to a new analysis of sales statistics proffered by the Otteau Valuation Group in New Brunswick. Looking at sample towns grouped geographically, the Otteau…
Home Deals in Suburbs Start to Dry Up
The Wall Street Journa
Jeffrey G. Otteau, president of the Otteau Valuation Group, a New Jersey appraisal and consulting firm, said that New Jersey towns with short, direct train rides to Manhattan outperformed the rest of the state during the first half of the…
Alpine loses top spot on Forbes’ list of most expensive ZIP codes
NorthJersey.com
The slide may be indicative of the slack market for luxury homes in the wake of the 2008 financial crisis. Only three residential properties sold for more than $5 million in Bergen County last year, down from 10 in 2007.…
Home prices flat in first half of year, but may be headed lower
NorthJersey.com
But once the tax credit ended, the housing market began to sink again, said Jeffrey Otteau, an East Brunswick real estate appraiser who tracks home values statewide. The number of sales is down more than 20 percent nationwide and in…