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…
Housing Affordability Improves
The New York Times
These tidings may seem underwhelming in their gladness, but they are the most salutary available as prices continue to slide and the inventory of houses for sale blips upward this season, according to the market trend analyst Jeffrey G. Otteau.…
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…