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…
As Sales Slump, Rental Stock Rises
NYTimes.com
Jeffrey G. Otteau, a real estate analyst, said that with interest rates so low, that choice is probably better, as long as the buyer's source of income remains stable - and there is no danger of going underwater on a…
A Cool Summer for Housing
NYTimes.com
The sales data is telling us nothing good, said the market analyst Jeffrey G. Otteau. "Going into the end of the year, the trends are overwhelmingly negative in New Jersey: lagging home sales, declining prices, an inventory buildup - and…
Home sales plunge 27 percent, to lowest rate on record
APP.com
The Shore's housing market told a similar story. Monmouth County sales in July were down 35 percent from last year; Ocean County sales were down 25 percent, according to statistics compiled by real estate analyst and appraiser Jeffrey Otteau, president…
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…