The State of the Slump
The Wall Street Journal
Tighter Credit Helps Keep Housing Inventories Rising, Though Some Hard-Hit Cities See Signs of a Turnaround. Jeffrey G. Otteau, President of Otteau Valuation Group, says the parts of New Jersey popular with commuters…
Demand for Office, but Not Homes
The New York Times
AFTER more than five years, the huge inventory buildup of commercial office space in New Jersey is beginning to diminish. Coincidentally, as best the pundits can tell, the inventory of unsold homes has hit a record high. "Markets do have…
RealtyTrac to revise formula
The Star Ledger / nj.com
When RealtyTrac releases data on home foreclosures each month, media outlets across the country rush to print and broadcast the news. But housing experts such as Jeffrey Otteau, president of the Otteau Valuation Group, a leading real estate research firm…
It’s Spring. Somebody Tell the Buyers
The New York Times / nytimes.com
IT'S spring, the traditional time for hope and growth in residential real estate sales. But beyond the borders of New York City, there are indications that a wintry chill besets the market in much of the region..The number of sales…
Home Prices Fall in Rich New York Suburbs Once Immune to Slump
Bloomberg Radio
The U.S. housing slump has hit New York City's richest suburbs. Wealth and excellent credit have until now spared bedroom communities in New Jersey, Connecticut and New York's Westchester County from declines in home prices. Now the tightening of credit…
Home Prices Fall in Rich New York Suburbs Once Immune to Slump
Bloomberg Print Media / Bloomberg.com
The U.S. housing slump has hit New York City's richest suburbs. Wealth and excellent credit have until now spared bedroom communities in New Jersey, Connecticut and New York's Westchester County from declines in home prices. Now the tightening of credit…
Why Sellers May Be Disappointed
The New York Times / nytimes.com
HOME sellers beware. Despite what real estate industry data might suggest, sales prices were down around the state last year - and prices are still flat in most locales, according to Jeffrey G. Otteau, who heads Otteau Valuation Group...
Home Prices Fall in Rich New York Suburbs Once Immune to Slump
Bloomberg TV
The U.S. housing slump has hit New York City's richest suburbs. Wealth and excellent credit have until now spared bedroom communities in New Jersey, Connecticut and New York's Westchester County from declines in home prices. Now the tightening of credit…
Housing Glut Gives Buyers Upper Hand
The Wall Street Journal / wsj.com
Amid a continuing glut of homes for sale in most of the country, buyers should have lots of choices and plenty of bargaining power in the spring selling season.. Mr. Otteau figures home prices fell an average of about 10%…