North Brunswick officials concerned about possible housing construction law
myCentralJersey.com
Proponents of the bill say it is a cost-free economic stimulus. The New Jersey Builders Association, a trade group, points to a 2008 study by East Brunswick-based Otteau Valuation that suggests that the state has a 19-year supply of new,…
Age-Restricted Housing Becomes Ageless
AARP Bulletin Today
In New Jersey, "it is much more difficult to find construction financing, and many banks are saying they will not lend at all" for such projects, says Jeffrey Otteau, president of the Otteau Valuation Group.
Taxation appeals soar in Mercer
Times of Trenton
Indeed, a perceived decline in the housing market has been backed up by a measurable decline in prices statewide, according to Jeffrey Otteau of East Brunswick-based Otteau Valuation, which tracks New Jersey real estate prices...
Signs of Life in the Housing Market
The New York Times
The housing analyst Jeffrey G. Otteau raised an alarm last year about potential overbuilding of multifamily housing units in Hudson County, where tens of thousands of units were approved during the boom years — and where the market for condominiums…
Learning to sell real estate in a struggling economy
Asbury Park Press
Once they pass the course and the state exam, they'll enter a rough real estate market. Last year there were 75,200 home sales, down from a peak of 145,692 sales in 2005, said real estate consultant Jeffrey Otteau, president of…
Bill to scrap housing age-limits advances
The Trenton Times
State lawmakers will send Gov. Jon S. Corzine a bill allowing developers to seek the removal of age restrictions on housing projects without re-starting the lengthy local approval process. Across the state, age-restricted units that are approved but not yet…
State may lift age-restrictions on some housing
The Trenton Times
According to Jeffrey Otteau of Otteau Valuation in East Brunswick, age-restricted "homes that are being built now or that have approvals but have not yet been built account for somewhere between 15 and 18 years of supply in the market."
Retirees See the Value in Rentals
The New York Times
For years now, New Jersey residents who are 55 years old and over have been migrating out of the state at one of the highest rates in the country, according to Jeffrey G. Otteau, a housing analyst. His firm, the…
A Market Going Downhill Fast
The New York Times
Over the course of three and a half years, the New Jersey residential market has headed downhill fast. In September 2006, Jeffrey G. Otteau, whose Otteau Valuation Group gathers data on the residential market for many builders and brokers, said…