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…
Tracking the Real Deal
NJ Biz
One might assume that with the current slump in housing demand, this would be a lousy time to launch a new product for the real estate market. Yet, Otteau.com, a real estate appraisal and data firm in East Brunswick, recently…
Has the Central Jersey Housing Market Reached Bottom? No one is sure
Courier News
Jeff Otteau, CEO of the Otteau Valuation Group in East Brunswick, agrees. His figures show that the inventory of homes for sale has been shrinking, while the number of homes sold has remained steady in the second quarter, a trend…
Home Prices Decline 3.1%
Asbury Park Press
Jeffrey Otteau, president of the Otteau Valuation Group, an East Brunswick real-estate consulting firm, said his figures also indicate a decline in prices locally. In the second quarter, the median home price in Monmouth County fell 7 percent from last…
Amid Housing Slump, Glut Eases Slightly
The Wall Street Journal
We have the added weight of a recessionary economy on what was already the weakest housing market since 1930’s, says Jeffrey Otteau, president of Otteau Valuation Group, an East Brunswick, N.J., appraisal firm. He says the market won’t recover fully…