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."…
Where to Buy Now
The Star Ledger
Jeffrey Otteau, the guru of all things real estate-related in New Jersey. Otteau's methodology for coming up with his list of top spots to buy involved coming up with a calculation he calls the "projected absorption" rate of homes…
Experts Say Restricting Development in Jersey Towns May Backfire
New Jersey 101.5 FM Radio
Jeff Otteau runs the Otteau Valuation Group in East Brunswick. He says the prevailing mindset in many towns is if you allow new housing, it will overburden local schools and…
Active Adult Housing Loses Luster
The New York Times
A FEW years ago in New Jersey, housing complexes for those 55 and older were proliferating, with new projects seeming to pop up and sprawl out nearly anyplace with acreage — be it urban, suburban or rural. Jeffrey Otteau of…
First-Timers Charm
The New York Times
The moment, however, is likely to last only about another six months, said Jeffrey Otteau, a market analyst whose Otteau Appraisal Group monitors statewide sales data and provides monthly reports to the real estate industry. He predicted that by next…
Trading Up Slows Down
The Real Deal
Wall Street job losses and jobs migrating out of New Jersey are contributing to the "sluggish sales pace" for trade-up homes in that state, said Jeff Otteau, president of the Otteau Valuation Group…