Housing Inventories on the Rise

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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…

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Transitions Made Easier

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The New York Times

Statewide, the pace of residential sales has continued to decline each month since July, according to the latest report from the Otteau Valuation Group. In Essex County, for example, the average time a house spent on the market was 73…

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Retiree Havens Turn Younger to Combat the Housing Bust

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The Wall Street Journal

In New Jersey, the age restrictions have been lowered or dropped for at least nine new projects, while an additional 10 planned developments were scrapped altogether, says Jeffrey Otteau, president of Otteau Valuation Group Inc., a real estate market-analysis firm…

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Board OKs Alfieri’s housing, retail plans

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Suburban

Alfieri's professionals proposed that the board allow him to finish the residential component of the development first, since his marketing consultant, Jeffrey Otteau, testified that the market for housing is more likely to rebound first in the current economic decline.…

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Reducing property taxes is possible, but not likely

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The Star Ledger

The unraveling of the housing market has caused a decline in home prices over the past three years," said Jeffrey Otteau, president of Otteau Valuation Group, a real estate research firm based in East Brunswick, which tracks the New Jersey…

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Keeping Afloat

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The Star Ledger

Statewide, home prices fell 5 percent, to $312,437, down from $330, 396 during the third quarter, said Jeffrey Otteau, president of Otteau Valuation Group, a real estate research firm based in East Brunswick, which tracks the New Jersey real estate…

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Now what?

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Asbury Park Press

In New Jersey, home prices have declined about 19 percent since they peaked in the fall of 2005, and a declining housing market that looked as if it might bottom out next spring faces even more uncertainty, said Jeffrey Otteau,…

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Rentals Remain Robust

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The New York Times

The high rental occupancy rate is expected to stay where it is for the immediate future, or perhaps even tighten further. "The number of units in the pipeline in the state is, well, dramatic," said Mr. Otteau, adding that, in…

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Buying New is a Winning Move

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Asbury Park Press

A new market report, released by the Otteau Valuation Group, an East Brunswick-based company, stated that " there are developing signs that we are seeing the early stages of a recovery now."…

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