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%…
A Rough Market. Or Not
The New York Times / nytimes.com
Nevertheless, new statistics from the Otteau Group, which feeds data to brokers based on analysis of signed contracts, indicates an 18-month buildup of ...
Northern New Jersey market starts to drag
The Real Deal / therealdeal.com
Home sales statewide declined 17 percent during the first half of 2006 and inventory rose 70 percent, according to a widely followed market report from Jeffrey Otteau, president of Otteau Valuation Group....
The Value Added by Appraisers
The valuation process for a relocated employee's home has long been a source of concern and controversy for employers and employees alike. This is not unexpected, given the intensely personal nature of homeownership. The unique characteristics that comprise our individual…
The Role of New Construction in the Relocation Appraisal
The appraisal process relies heavily on the principle of substitution in developing an estimate of value. This principle holds that typical potential buyers in a marketplace usually are unwilling to pay more for a property than the cost of acquiring…
Understanding the Buyer’s Perspective
Real estate markets naturally tend to seek a balance between the opposing interests of buyers and sellers in the marketplace.