Robert Toll Chief Executive For Toll Brothers Inc...

Builder foresees rebound, from the Arizona Republic, reports that Robert Toll, the chief executive for Toll Brothers Inc., believes that a strong economy will spark a housing market rebound after excess inventory from speculators is shaken out, perhaps very soon. He said that demand will be driven by buyers who are biding their time for better incentives or lower prices. "The next great story is pent-up demand" he said. "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," he added. Toll also believes that the second-home market will stay particularly robust as Baby Boomers look to move to Sun Belt states or urban centers with rich culture and entertainment.

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