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."
Pulda Farm should be saved, even by eminent domain
The Home News Tribune
Otteau Valuation of East Brunswick studied the real estate market, and estimated there is a 19-year supply of age-restricted housing either in place, or on the drawing board. Morris was looking at building homes in a market where supply was…
Report: Central Jersey home prices dropped 8.9 percent in third quarter
The Home News Tribune
The region's decline during the third quarter was more moderate than the second quarter, when prices fell 11.2 percent. What it tells is us that the housing market has stabilized in most of New Jersey, and that the decline in…
Puzzling Over Home Prices
The NY Times
Mr. Otteau said his data suggested that a ground is beginning to form in terms of prices," and noted that the trend had occurred as government stimulus programs that were intended to stabilize the residential real estate market were taking…
W is for wow: Hoboken still hopes for sky-high prices
New York Post
According to data from New Jersey appraisal firm Otteau Valuation Group, Hoboken had a 10.9-month supply of inventory on the market at the beginning of this year. By August, that number had fallen to 8.8 months, and sales activity was…