I am totally focused on
my client's needs, and I
work to realize their
dreams as if they were
my own.

Theodore Corbett
Your Full Service Realtor
"Ted Corbett was great..."
this is a quote from a very
happy client.
Ms. Mary Brown
1(646) 335-6094
Theodore Corbett

It's a Great Time to Buy a Home  

Low rates and extraordinary inventory have created perfect
conditions for home buyers.

Take a moment to consider these facts:

You've never had more homes to choose from

  • There are currently 3.75 million homes for sale. Inventories in
    recent months have been at record levels, offering consumers the
    greatest choice in decades.
  • However, inventory levels are falling, and the selection of homes
    will become limited once again.
  • Former Federal Reserve Chair Alan Greenspan recently said that
    housing prospects are looking up. “Most of the negatives in
    housing are probably behind us. The fourth quarter should be
    reasonably good, certainly better than the third quarter.” According
    to industry estimates, 2006 will be the third-best year on record for
    home sales.  
  • Interest rates haven't been this low for nearly 40 years
  • At 6.4 percent, the average 30-year fixed rate mortgage rate
    remains near 40-year lows. This is more than an entire
    percentage point below 2000 levels. For a $250,000 loan, a drop
    from 7.5 percent to 6.5 percent means an annual savings of

Real estate is a great investment

  • The average home value increased by 88 percent over the last ten
    years. In the decade to come, the number of US households is
    expected to increase by 15 percent, which means housing will stay
    in high demand.

While conditions for buyers are perfect now, that is likely to change next
year as sales pick up, prices gain traction, and conditions improve for
sellers. In today's real estate market, the best time to buy is now.

a detailed fact-sheet (99k PDF)
View NAR's newspaper ad (650k PDF)  
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Theodore Corbett