Local Builder Releases Grim Statistics

Investors scouring for hints of a housing upturn won't find much evidence in the second-quarter preliminary sales results of luxury-home builder Toll Brothers Inc.

[Lisa]

Prices are still too high...consumers incomes do not match the prices that are being requested by sellers. Regardless of the market value (proof in that perspective is the problem that exists now with foreclosures etc.)perhaps the real estate market can get back to a more realistic pricing for society...