Middlesex County median home prices rise about 4 percent in second quarter 2010
Mycentraljersey.com
Otteau Valuation Group figures provide a look into the market for Central Jersey. In the second quarter, the median price for a home in Middlesex County was $292,068, up 1.8 percent from a year earlier. In Somerset County, he added,…
Home prices rose in 2nd quarter
APP.com
Home sales have stalled, and we are expecting to see price declines in the second half of the year, said Otteau, president of Otteau Valuation Group, an East Brunswick firm. After 11 consecutive months of increasing home sales, the market…
Yard sales, urgent purpose for Teaneck single mom
NorthJersey.com
The number of New Jersey homes going into foreclosure for the first time was up 45 percent in the first half of the year, compared with the same period in 2009, said Jeffrey Otteau, an East Brunswick real estate analyst…
Extended slump for homebuilders
NJBIZ.com
Jeffrey Otteau, an East Brunswick-based appraiser who studies the state's housing market, said the market took a big hit when the federal tax credit expired. 'Absent a stimulus to the housing market, home prices will decline further, which will put…
Rowan, Rutgers study says N.J. is running out of open space, renews urban sprawl debate
NJ.com
This sprawl model, we no longer have a foundation for it, said Jeffrey Otteau, president of Otteau Valuation, a real estate analysis group, in East Brunswick. "Households will need to be more efficient in their spending, which means smaller houses…
Economists outline chilly forecast for N.J. housing market
NJBIZ
New Jersey's housing market is headed for a frigid fall and winter, according to Jeffrey Otteau, president of East Brunswick-based Otteau Valuation Group Inc., who said June home sales in New Jersey were down 27 percent, year on year.
Slower Sales After Home Buyer Tax Credit Ends
The New York Times / nytimes.com
Over all, there was a stunning reversal" in the pace of sales in May, according to analysis done by the Otteau Valuation Group, which reports on trends in state real estate. After the expiration of the federal tax-credit program for…
Gov. Christie vetoes $100M homebuyers tax credit bill
The Star Ledger / NJ.com
Jeffrey Otteau, an East Brunswick-based appraiser who studies the state's housing market, said the market took a big hit when the federal tax credit expired. 'Absent a stimulus to the housing market, home prices will decline further, which will put…
NJ Real Estate Expert: Homebuyer Tax Credit Program is Really Needed
New Jersey 101.5
Jeff Otteau, the President of the Otteau Valuation Group, says the tax credit measure 'is of vital importance to the housing market, and the New Jersey economy, given that since the expiration of the federal homebuyer tax credit - which…