Twin Cities: McMansions Face A Tough Sell

Toll Brothers, the nation's biggest luxury home developer, extended its empire to this area with a burst of optimism two years ago. Now, eight months after the first home sales at Steeplechase of Eagan, the Pennsylvania company finds itself caught in a tough period locally for high-end sales. The metro area has an oversupply of high-end homes, judging by the time they spend on the market. The figure for homes costing $1 million and more has risen from 13 months a year ago to 19 months today. For homes valued from $500-$1 million, supply rose from eight months to eleven.