New Jersey Home Prices Head for 12% Drop on Bottom-Feeder Feast
Bloomberg
Home sales in the state, second only to New York in coronavirus cases, may fall as much as 45% this year from 2019, while prices will drop as much as 12%, according to Jeffrey Otteau, president of Otteau Valuation, a…
What Real Estate Looks Like in Sparta During COVID-19 Shut Down
Tap Into Sparta
The Otteau Group, a Real Estate Valuation & Advisory Company based in Matawan, New Jersey, currently estimates that New Jersey home sales prices will decrease by over 8% on average by the end of 2020 due to the impact of…
Murphy’s budget rhetoric didn’t match reality
Asbury Park Press
According to Jeffrey Otteau, a leading real estate expert, although a record number of homes were sold in New Jersey in 2019, sale prices in our state remained below 2006 levels, while selling prices nationally were 25% higher than in 2006.
Why some multimillion-dollar homes in Bergen County linger on the market for years
NorthJersey.com
Jeffrey Otteau, president of Matawan-based Otteau Valuation Group, said that overall, New Jersey had a strong year for home sales in 2019, with 119,384 sold, the most in 15 years. Of those, 458 sold for $2.5 million or more.
5 Years Straight, NJ Still #1 in a Bad Way for Foreclosures
NJ 101.5
"What we know is that when the next recession arrives, and it will, that all of this get dramatically worse," said Jeffrey Otteau, president of Otteau Valuation Group in Matawan.
Transit Issues and the NJ Real Estate Market
New Jersey REALTOR / issuu.com
Jeffrey Otteau, president of Otteau Group Inc. in Matawan, says the potential for continued transportation disruption is a big problem.
Decision and Order Issued in Mercer County Affordable Housing Case
The highly anticipated decision and order in the Mercer County affordable housing case were finally issued yesterday. Judge Jacobson issued a comprehensive opinion that was 217 pages in length and very detailed in both the summary of the positions, as…
IS THERE AN END IN SIGHT? NJ ONCE AGAIN WORST FOR FORECLOSURES
New Jersey 101.5 / nj1015.com
Fewer property owners in New Jersey are at risk of losing their home to foreclosure than in years past, but the state's foreclosure rate is still the worst in the nation, according to new data.
Adventure is building as Jackson sports complex rises with hotels, restaurants
App / app.com
JACKSON - On a recent afternoon, Jackson developer Vito Cardinale was standing on what will become the corner of a massive indoor sports dome, a centerpiece of Adventure Crossing USA.