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…
Transitions Made Easier
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…
Retiree Havens Turn Younger to Combat the Housing Bust
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…
Board OKs Alfieri’s housing, retail plans
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.…
Reducing property taxes is possible, but not likely
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…
Keeping Afloat
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…
Rentals Remain Robust
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…
Buying New is a Winning Move
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."…