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…
Report: Future bright for Center City housing
The Philadelphia Inquirer
In the post-recession economic cycle, Otteau said, incomes will actually drop, and affordable housing will be concentrated in urban areas. Two-thirds of households will have no children at home, energy costs will rise, and vertical construction in the downtowns [will…
Home run
The Asbury Park Press
The $8,000 tax credit has increased home sales not only in the first home-buyer price range of under $400,000, but across the entire market, Otteau said. It's because, statistically, a first-time home buyer's purchase can trigger four other simultaneous home…
Soaring Above the Crisis
The Philadelphia Inquirer
The residential market's upper end is also the toughest sell - continuing fallout from last year's collapse of the financial system. For homes in the region priced at $2.5-million-plus, there was 122 months' worth of unsold inventory in the second…
N.J. housing construction up, but permits at a low
NJ.com/The Star Ledger
Builders feel like, going forward, they'll need more houses to sell, not fewer, said Jeffrey G. Otteau, the head of the Otteau Valuation Group, which analyzes real estate industry trends. "They're actually starting to spend money to prepare for an…
First Signs of Recovery
The NY Times
WHERE do signs of a housing market recovery show up first? In New Jersey, the answer is: in the northern part of the state, in relatively affluent towns, especially those with train stations. Recoveries first take root in what we…