Friday, May 05, 2006

Toll Brothers Highlights

Toll Brothers released its second quarter outlook today and hosted a conference call. In summary, spec buyers are selling homes or canceling orders and therefore inventories are increasing. Also, regular buyers are not buying now as much as they were last year.

I was mostly interested in what the company had to say about the local market, but unfortunately, Bob Toll did not say as much about NJ as he did on the last call. However, he did note that the suburban NJ market has gotten pretty slow, and I would think that this would include Toll's project in Howell, which is a development of about 50 homes.

The one area in NJ that continues to perform well is Maxwell Place, which is on the Hoboken waterfront. The company said "Everything we've got in Hoboken is just roaring."


Blogger dwainnelson00312040 said...

This comment has been removed by a blog administrator.

Friday, May 05, 2006 6:01:00 PM  
Anonymous Anonymous said...

Does anyone have access to the RE market conditions (not the lies on NAR) for the 08742 area? I am looking to buy, but not sure if waiting a few more months is in my best interest. I can't trust the reports, realtors, and there does not seem to be any specific data for this area. I do see high prices for crappy houses, but also lisitings on the MLS with "price change"...not sure if that means change up or down. Thanks.

Saturday, May 06, 2006 9:06:00 AM  
Blogger chicagofinance said...


Sunday, May 07, 2006 9:33:00 AM  
Anonymous Anonymous said...

Bubble what bubble ???

Sunday, May 07, 2006 8:59:00 PM  
Anonymous Anonymous said...

I'm not vouching for this data, but try this link...

Tuesday, May 09, 2006 9:01:00 AM  
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Thursday, May 18, 2006 4:31:00 AM  
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Thursday, May 18, 2006 4:38:00 AM  
Anonymous Anonymous said...

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Thursday, May 18, 2006 4:44:00 AM  
Blogger NJRealtor said...

I have access to MLS and 08742..what do you want to know?

Tuesday, July 25, 2006 2:57:00 PM  
Blogger NJRealtor said...

I grew up every summer in Bay Head and know that and Pt.Pleasant very well. My guess is that price reductions, mostly, are a result of stupid asking prices and the result is them bring them back to reality. With that said, the market is slower, secondary homs are the most overvalued and therefore if a correction happened they would be hit hardest. It makes sense to sit on the sidelines and see what happens between now and next spring. There are still decent buys out there. I would be glad to help you in any way I can.

Tuesday, July 25, 2006 3:01:00 PM  

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