Friday, November 09, 2007

It's the Media's Fault...

So says Toll Brothers CEO Robert Toll in this NYTimes piece. He provides an interesting evaluation of the strength of different real estate markets around the country.

The F-minus grade went to the vacation communities of Hilton Head, S.C.; Palm Springs, Calif.; the Maryland shore; and the Poconos area of Pennsylvania, as well as to Michigan and Atlanta.

The F grade was the one most often given, going to Arizona, Massachusetts, Rhode Island, Minnesota and Southern California outside of Palm Springs. The cities of Chicago; San Antonio; Charlotte, N.C.; and Reno, Nev., got the same mark, as did the eastern and northern parts of Florida. Mr. Toll noted that Minnesota had improved to get its grade up to an F.

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