N.J. real estate prices headed up
The Record / northjersey.com
New Jersey home prices have bottomed out and will rise about 2 percent this year, real estate appraiser Jeffrey Otteau predicted Monday. 'While things will get better from here, they're going to get better at a slow, steady and sustained…
Housing slump slams brakes on construction
Gannett / APP.com
To a home builder, the slowing down on the pace of construction is just good business, said real estate consultant Jeffrey Otteau, president of the Otteau Valuation Group in East Brunswick."
Optimism About the New Year
The NY Times
Statistically speaking, there are grounds for modest optimism that prices will trend upward in the near future, said the market analyst Jeffrey Otteau, whose Otteau Valuation Group continuously tracks sales data in 21 counties for real estate companies.
Experts say real estate market’s rise seems certain, but timing isn’t
Press of Atlantic City
East Brunswick-based Otteau Valuation Group predicts a robust spring home sales surge in New Jersey and modest price increases in 2010, fueled by low interest rates, the tax credits, an improving economy and slowing job losses.
Experts offer advice on homebuying
North Jersey Homes
Speakers include Jeffrey Otteau, president of Otteau Valuation Group, and Brian Spencer, a certified public account with Withum Smith & Brown. Otteau is an often-quoted expert on the current state of the housing market in New Jersey. Spencer's firm has…
Trying for a comeback: New Jersey’s housing market in 2010
NJ.com / Star Ledger
On the positive side, prime houses along the Jersey Shore and on lakes or other bodies of water could be a bright spot this spring, says Jeffrey Otteau, an appraiser who tracks New Jersey home prices. Those gems on the…
Investors emerge from housing market rubble
NJ.com / Star Ledger
Investors feel prices can't drop much further, said Jeffrey Otteau of the Otteau Valuation Group in East Brunswick. That enables them to do the math," he said. With credit tightened by the recession, real estate investors now have to come…
New Jersey real estate trends don’t mirror national patterns
Gannett / The Home News Tribune
When the economy weakened, the jobs that disappear first are the lower-paying service and retail jobs that these homeowners were likely to have, according to Jeffrey Otteau, chief executive officer of Otteau Valuation Group, an appraisal company in East Brunswick…
A Home for the Holidays
NY Times
Jeffrey Otteau of the Otteau Valuation Group, a company that analyzes the residential market and advises brokerages, said his analysis of contract sales data through the first week of December showed that the sharp increase in the pace of sales…