Bob Toll, Executive Chairman of Toll Brothers (NYSE: TOL) , recently told Reuters that home prices are going to jump 20% in 2013 and another 25-30% in 2014.
But before you decide to pile into real estate, you might want to think about his statement for a moment.
It's not that there's anything wrong with Mr. Toll, nor even his prediction. He is a seasoned executive for one of the most respected homebuilders in the country.
It's why he made this prognostication - and what he stands to gain from it - that bothers me.