Wednesday, May 14, 2008

Mad Money: Naples market shows signs of improvement


Jim Cramer of Mad Money on CNBC talked with Robert Toll, Chairman & CEO of Toll Brother's, one of the nation's largest builders. In that conversation, they both agreed that home prices were at the root of our economic problem. However, Mr. Toll stated that market, such as Naples(& Marco Island) are showing improvement.


I agree! Our buyer activity has been strong for several months and buyer's sentiment is as positive as I've seen in years. With the backlog of buyers as well as the new foreign buyers who are ready to take advantage of the favorable exchange rates, I anticipate that we will be having an active summer. Buyer beware though, the best deals are being scooped up.

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