Real estate market and jobs tied together
Asbury Park Press
As real estate consultant Jeffrey Otteau, president of the East Brunswick-based Otteau Valuation Group, said in today’s story, "Fears of job security are putting a freeze on the market."
Defining the Buyer of the Future
The New York Times
The short answer from the housing trend analyst Jeffrey G. Otteau: "very different." Economic, financial and sociological changes now in progress will effectively morph the profile of the typical home buyer over the next 15 years, said Mr. Otteau, whose…
Price Cuts Spur Home Sales
The Wall Street Journal
We're looking for a very tepid spring market, said Jeffrey Otteau, president ofOtteau Valuation Group, an East Brunswick, N.J., appraisal firm. Mr. Otteau doesn't expect prices in New Jersey to bottom out before the second or third quarter of this…
The Shore’s economy is expected to slump in 2009
Asbury Park Press
The Shore's economy is expected to slump in 2009 as weary consumers deal with job insecurity, shaky home prices and depleted investments. The housing sector has yet to stabilize. Home prices statewide on average have fallen about 20 percent from…
First-time buyers make hay in housing drought
The Star Ledger
No one should be surprised the real estate market has turned to sawdust. Home sales in New Jersey are expected to finish 2008 at just 68,000, down 20 percent from the 85,000 sold a year ago, said Jeffrey Otteau, president…
As Wall Street suffers, so does nearby New Jersey
Reuters
The Wall Street upheaval that has depressed New York City's high-flying real estate market is also slowing property sales and lowering prices right across the river in the state of New Jersey. At the current pace of sales, which in…
Housing Inventories on the Rise
The New York Times
A new assessment of the region prepared by the Otteau Valuation Group presents a generally unlovely picture of residential sales markets: Manhattan now has an 11.8-month supply of unsold inventory, said Jeffrey G. Otteau, whose Old Bridge, N.J., company analyzes…