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...homebuilder Toll Bros. says the housing-market bubble is a myth...
Home prices have shown signs of sluggishness in Las Vegas and a handful of other markets, fueling the debate over whether we are in a dangerous housing bubble. TIME senior writer DANIEL KADLEC talked with Bob Toll, CEO of Toll Bros., one of the nation's largest luxury-home builders, who insists that any talk of a slowdown is premature...
...range and not in a particularly fresh neighborhood, you could see a drop of 7% to 10%. Buyers of these houses are on a budget, and higher rates eliminate a lot of buyers. But if you are in a $600,000 home, which is our range at Toll Bros., all you'll witness is cocktail talk...
...seat IMAX theater in Grand Rapids, Mich., Nov. 12 was a banner day. On the 53-ft.-high screen that evening: the first full-length feature converted into IMAX 3-D, Warner Bros.' The Polar Express. One performance after the other sold out--and the momentum kept up all weekend, even with ticket prices at $13. When the receipts were counted, this IMAX screen had raked in more for the film's opening than any other theater in the state. "We would've done even better," says John Loeks, CEO of Celebration! Cinemas in Michigan...
Eric Wold, an analyst for Merriman Curhan Ford & Co., believes IMAX gives movie studios and multiplex owners a competitive advantage--and generates extra revenues for both. Or as Dan Fellman, head of domestic theatrical distribution for Warner Bros. (owned by TIME'S parent company), puts it: "IMAX 'event-izes' your movie. It's that simple...