Telling words from Toll CEO

Telling words from Toll CEO
by Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate

Surfing the web as I often do, I came across this article today in the East Valley Tribune.  Its an article whose focus is to discuss the decrease in Toll Brothers' 3rd quarter revenue.  The article actually opens with the following quote from CEO Robert Toll -

"This downturn is very different. It is the first one in my 41 years in the business that's occurred when you have an up stock market, low unemployment, decent job growth and a very decent economy,"

So what we are going through is really something new.  Maybe thats why the pundits are having such a difficult time figuring out exactly when things will turn around.  I'll be honest...some say 08, some say 09.  With as much inventory as there is in the Phoenix metropolitan area, I wouldn't be surprised if we were looking more like '10 or '11.

Unfortunately, I didn't bring my crystal ball with me today.

Thanks for Reading :)

Kaushik Sirkar, Chandler AZ REALTOR
Chandler Arizona Real Estate