Toll Bros Predicts Prices Will Rise

CEO Robert Toll of Toll Bros recently stated "Demand will be driven by buyers who are biding their time waiting for better incentives or lower prices." He went on to say, "Once the natural balance is restored in the market, you're going to see prices go up again. Prices are going to go up quite a bit,".

Mr. Toll also said that mortgage rates aren't a major factor in the housing slowdown because they still hover near four-decade lows. "We did business when mortgage rates were at 8.5 percent and it was fabulous. Now it's 6.5."

Mr. Toll expressed confidence in the second-home market which he anticipates will remain strong as baby boomers continue to relocate to Sun Belt states.
Toll Brothers continue to be one of the premier Las Vegas Homes Builders with participation in many upscale communities such as McDonald Ranch.