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."
Local couple navigate housing market in crisis
Press of Atlantic City
The housing market in New Jersey - not as ravaged by foreclosures and falling home prices as other states - is poised for a turnaround within the next 12 months, housing expert Jeffrey Otteau says.
Age Restricted Communities Popular, but Still a Bust in NJ
The Press of Atlantic City
But housing market expert Jeffrey Otteau says boomers may not be so quick to flood those communities now – at least not in New Jersey.
Enticed by the Water Views
The New York Times
And Jeffrey Otteau, whose company, the Otteau Valuation Group, analyzes residential sales statistics for brokers, said that in downtown Jersey City, the site of Crystal Point, the pace of condo sales had more than doubled since January.
Transit Cities’ Face Roadblocks
The New York Times
As Jeffrey Otteau, a residential analyst, put it in a recent interview, "Nothing has been able to escape the economic and financial collapse we’ve seen over the last year — transit-oriented development included.