Wednesday, August 24, 2011


For the rest of us, that is. News flash:
Home prices in the U.S. fell 5.9 percent in the second quarter from a year earlier, the biggest decline since 2009, as foreclosures added to the inventory of properties for sale.
However, there is a silver lining, literally:
Toll Brothers Inc. (TOL), the largest U.S. luxury-home builder, reported earnings that were better than analysts expected after a tax benefit and demand for its move-up houses remained stronger than other segments of the market.


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