Real Estate... Cooling or Bubble... I'll look in the rearview mirror.
Today in the U.S.News & World Report there was an article regarding Robert Toll. You may have heard the name if you following real estate... Toll Brothers one of the leading new home builders in the country.
There is alot of debate regarding the real estate markets and each as their merits but I try to stick the facts when interpreting information. Here is something that is sure.. for the second time in recent months, Toll Brothers as cut it forecast for new-home construction in 2006.
Another fact..."Toll reported that the dollar value of its newly signed contracts in the first quarter fell by 21 percent versus the same period last year." according to USNews.
That looks like a pretty solid cooling trend... does it mean there is a bubble or just cooling... only time will tell. What I do know for sure is that the rear view mirror is always clearer than the windshield.
There is alot of debate regarding the real estate markets and each as their merits but I try to stick the facts when interpreting information. Here is something that is sure.. for the second time in recent months, Toll Brothers as cut it forecast for new-home construction in 2006.
Another fact..."Toll reported that the dollar value of its newly signed contracts in the first quarter fell by 21 percent versus the same period last year." according to USNews.
That looks like a pretty solid cooling trend... does it mean there is a bubble or just cooling... only time will tell. What I do know for sure is that the rear view mirror is always clearer than the windshield.
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