Demand for ‘Estate’-Like Condos
The New York Times / nytimes.com
Seven percent of total sales in Bergen involved houses sold for $1 million to $1.25 million, according to Jeffrey Otteau,…
N.J. home prices continue decline; South Jersey hit hardest
NJBIZ / njbiz.com
According to Otteau, most of the homes coming off the market are high-priced properties in North Jersey. When you start…
Homes Under Pressure
he Wall Street Journal / wsj.com
Foreclosures place downward pressure on neighborhoods, said Jeffrey G. Otteau, an appraiser and housing consultant. "Home prices are falling fastest…
McMansions swell the real estate market as homebuyers think small
The Star-Ledger / nj.com
In New Jersey, it would take 14.6 months to sell the current inventory of houses listed between $600,000 and $1…