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…
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…