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…
Wanaque home owner finds pricing home for sale is an art
The Record
Jeffrey Otteau, an East Brunswick real estate appraiser who analyzes the market statewide, says his research shows that, for sellers, overpricing is riskier than underpricing. When buyers think a home is overpriced, they lose interest because they believe the seller…
The Hottest Topic in Home Sales
NY Times
Taking a look at sales statistics to see how they might correspond to tax rates in given towns and counties, Jeffrey Otteau, the president of the Otteau Valuation Group in East Brunswick, said crunching the numbers produced counterintuitive" results."
Experts on Homebuying Offer Their Advice at Seminar
BigNews.biz
Otteau is an expert on housing values who is sought by investors, news reporters and government officials for his expertise and insight. He will talk about the state housing market as a whole and as submarkets, where housing values have…
Cities take brunt of home sales slump
NJ.com / Star Ledger
In a deteriorating market, declines appear first and are greatest in urban areas, said Jeffrey Otteau of the Otteau Valuation Group in East Brunswick. "Those homeowners or potential home buyers are disproportionately affected by the downturn, and so that creates…
Less expensive homes are selling better than estate homes in today’s market
Gannett / The Home News Tribune
Jeffrey Otteau of Otteau Evaluation Group in East Brunswick, said, We've never seen this magnitude of increase (in home sales) when unemployment was rising - ever."