Area home prices continue to decline
APP.com/Gannett
Figures compiled by the Otteau Valuation Group help give a picture of what is happening in Monmouth and Ocean counties. According to the East Brunswick real estate consulting firm, the median price for all homes in Monmouth County, including new…
Shore bargains on pricey homes
APP.com/Gannett
In the second quarter, the market had a 10-month supply of homes in Monmouth County and an 11-month supply in Ocean County, according to the Otteau Valuation Group, an East Brunswick-based real estate consulting firm. That's down from an 11-…
Rising housing sales encouraging, but market still has more ebbs to overcome
NJ.com/Star Ledger
In some municipalities, such as Perth Amboy and Elizabeth, there were twice as many sales this spring as last year, according to figures from the Otteau Valuation Group, which studies New Jersey real estate data.
A Tarnished ‘Gold Coast’
The NY Times
Condominiums make up roughly 80 percent of Hudson’s housing stock — and across the price spectrum, they have sold poorly, according to the Otteau Valuation Group, which reports to the housing industry. Even for those priced under $400,000, Otteau reported…
New home sales rise nearly 30 percent in Northeast
The Star Ledger
Sales of already-lived-in homes rose 2.5 percent in the Northeast in June, according to the National Association of Realtors. Also, many areas of New Jersey have seen sharp inventory declines, meaning more competition for fewer homes, according to figures from…
Hopeful Signs in Housing
The NY Times
In June, according to Jeffrey G. Otteau, whose company issues monthly reports to the real estate industry, there was a breakthrough": the number of home sales exceeded that of June 2008 by 12 percent. Such a year-over-year increase has not…
Homes Sales Up in Mercer & Burlington Counties
NJBiz
The tide is turning, said Jeffrey Otteau, a housing expert based in East Brunswick who tracks New Jersey real estate "We're not in a housing market where we have returned to the glory days of rapidly rising prices and homes…
Jeffrey Otteau Testifies in Dallas, Texas
Susman Godfrey L.L.P.
Jeffrey Otteau testified in July at a complex trial in Dallas County, Texas that resulted in a $178 million jury award involving the NL Industries redevelopment site in Sayreville, New Jersey.
New Jersey foreclosure rate falling
The Star Ledger
The reason that borrowers walk away and mail in the keys is because not only are they having a hard time making their payments, but their houses are worth less than their mortgage balance," Otteau said."