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'…
New Jersey counties report record numbers of tax appeals
Nj.com/Star Ledger
Ocean County has a double whammy, said Jeffrey Otteau, president of the Otteau Valuation Group, an independent firm that tracks real estate trends and prices.
A Mixed Forecast Down the Shore
The New York Times
ALONG the shore, the weather report for the real estate market is cloudy with some brightening, according to the barometer of recent sales statistics, although more severe conditions prevail at the sand line. An analysis based on fresh data from…
N.J. real estate decline tightens state and county budgets
NJ.com/Star Ledger
Jeffrey Otteau, president of the Otteau Valuation Group, which tracks the New Jersey real estate market, said the current losses are real-time indicators of a market gone sour.
Home Prices Down but Leveling Off in New Jersey, Expert Says
The Home News Tribune
After spiraling down in 2008, home prices are expected to decline about 10 percent further before starting to stabilize later this year, according to a New Jersey real estate expert. Home prices dropped by about 7.4 percent in New Jersey…
Families need homes more than over-55s
myCentralJersey.com
Over-55 housing has become so popular in New Jersey that a glut has developed. Otteau Valuation of East Brunswick, which studies the real estate market, estimated there is a 19-year supply of age-restricted housing either in place today, or already…