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.
N.J. Senate vote could allow courts to overrule towns and open up senior housing
Nj.com/Star Ledger
During the construction boom of the last decade, builders rushed to provide housing for people 55 and over, and local officials gobbled it up, said Jeffrey Otteau, of the East Brunswick firm Otteau Valuation Group, which studies New Jersey housing…
Housings analysts say rising mortgage rates mean potential N.J. buyers missed best deals
Nj.com/Star Ledger
For those that are still waiting, they've already missed that perfect moment when prices were low and interest rates were also low, said Jeffrey Otteau, whose East Brunswick company, Otteau Valuation Group, tracks New Jersey real estate data.
How to buy a home
App.com/Gannett
People are reacting. The inventory of homes for sale at the Jersey Shore has shrunk since January as sales have increased, said Jeffrey Otteau, president of Otteau Valuation.
N.J. real estate sees steep drop in foreclosures
Nj.com/Star Ledger
That feeds into this trend now of the bottom occurring in housing, prices firming up and things getting better going forward, said Jeffrey Otteau, of Otteau Valuation Group, which tracks New Jersey housing data.
Ray of light for Mercer homebuyers
Nj.com/Star Ledger
In New Jersey, sales of new and existing homes rose 23 percent in March and 18 percent in April, according to Jeffrey Otteau, a housing market expert based in East Brunswick. In April 2008, sales had risen just 9 percent.
Untapped niche
Philadelphia Business Today
Jeffrey Otteau, of the Otteau Valuation Group in New Brunswick, said the dynamics of the next housing cycle - including skyrocketing energy costs, sustainability, and declining income - will favor downtown housing.
N.J. home prices haven’t hit bottom yet
Nj.com/Star Ledger
Prices are expected to fall further as more people lose their jobs and homes, hitting a bottom sometime in the second half of the year, said Jeffrey Otteau, head of Otteau Valuation Group, which studies New Jersey real estate data.
Real Estate Experts: Its an Excellent Time to Buy a Home
The Home News Tribune/Courier News
Simultaneous falling home prices and mortgage rates have made 2009 an historic year, according to real estate experts. For buyers who have a sufficient down payment and a secure job, it's an excellent time to buy a home. But buyers'…