The news for luxury home builder Toll Brothers was good this morning as they announced a 54% increase in profits for the third quarter.
As one of the pundints on this radio report notes, "Toll Brothers has a leg up because luxury properties don't compete with homes in the low end of the market, which has been hobbled by foreclosures."
Does this jibe with what you're seeing in your market?
For a discussion about what's happening in luxury markets around the country, join us on our How's the (Luxury) Market Webinar, Thursday, September 1st at 1:00 EDT (that's 10:00 Pacific, noon Central time).
Panelists on the webinar will be:
Scott Sambucci
Chief Operating Officer
Altos Research
Jon Sterling
Director of Marketing
Altos Research
Laurie Moore-Moore
Founder & CEO
The Institute for Luxury Home Marketing
This webinar is open to members and non-members alike. Register now.
