Jeffrey Otteau on New Jersey Real Estate and the New Tax Law Changes

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Jeffrey Otteau Jeffrey Otteau is one of the most astute analysts of the New Jersey housing market.  I subscribe to his service and have been raving about him for years.  He has always correctly analyzed the real estate market.  Additionally he is often way ahead of everyone else.  I like the fact that he is completely independent – no one owns him and he is not associated with anyone. Taxes…

Otteau Market News

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Jeff Otteau is someone I have the utmost respect for.  If you have been reading my blog you know  this.  I have quoted him before and referred to his terrific reporting service.  Jeff is considered one of the most astute analysts of the New Jersey housing market.  There is no other real estate market reporting service like his.  I love his market newsletter  It analyzes what’s happening.  His Market Trac…

Real Estate Recovery Signs – Foreclosure Rates Are Down in NJ

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While national foreclosure rates rose 15% during the first half of 2009, in New Jersey foreclosures are dropping. NJ foreclosures are down by 30% for the first six months of 2009 compared to the same period in 2008 according to Realty Trac. In May, the New Jersey Judiciary announced foreclosure activity for the first 4 months of 2009 was down by 20%. These figures certainly point to an improving housing…

Buyers Are Back in Real Estate

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Here is a quick update for you and it is indeed great news.  Buyers are back.  As a result activity’s up in the real estate market. There has been a noticeable increase in the number of people looking at homes over the past two weeks.  We’re seeing more buyers coming out on Sundays to our open houses.  We are also receiving more calls into our offices and more web responses…