Kyle Smith's (tylerhomesellers) Blog

Congressional Budget Office Proposal Could Further Damage Economy     It's a well known fact that a large part of the American economy is driven by housing, whether it be home sales, or construction.  And most Americans enjoy the mortgage tax deduction as way of offsetting the tax burden they bea...

Just In Time to Make Dreams Come True On Friday, the U.S. Department of Housing and Urban Development (HUD) announced that first-time homebuyers using FHA-approved lenders can now get an advance on the $8,000 tax credit created by the stimulus package and apply it toward their down payments or cl...

  Pending Home Sales Are On The Rise According to NAR By Kyle Smith Market indicators for the first three months of 2009 are showing signs of hope based on recent pending home sales.  With many first-time buyers taking advantage of near record-high housing affordability conditions, and record low...

President Obama signed two important Acts into law this last week.  The first initiative was the Helping Families Save Their Homes Act, and the Fraud Enforcement and Recovery Act (FERA), on May 20.  The Helping Families Save Their Homes Act is aimed at helping homeowners by making mortgages more ...

The U.S. treasury department through its agency, the Office of Thrift Supervision, closed down BankUnited, FSB, a Florida based institution, last week. BankUnited incurred a loss of over $1.2 billion last year on account of loan defaults.  According to authorities, BankUnited was "was critically ...

New Credit Card Rules to Protect Card Holders  President Obama signed a new law intended to protect consumers from the "predatory" practices of the credit companies.  Robert Gibbs, White House spokesman, said, "These are important reforms to protect consumers and to bring some commonsense rationa...

Freddie Mac released the news that mortgage rates are the lowest since they started tracking it back in 1970. This week has seen rates that are 4.78% and holding. The Los Angeles Business Journal published an article relating information from Freddie Mac via The Washington Business Journal. For h...

I personally have never owned a new home.  I perfer to purchase the home that others look at and claim, "That home needs WAY too much work".  Why, you ask, woud I be such a glutton for punishment (WORK)?? Because work is where the profits are at!  I have personally purchased and remodeled over 20...

Unless you live under a rock, you undoubtedly have read or heard the stories in the media about a housing market decline. And what is so amazing is each story is stated as though the decline is taking place in your neighborhood. Unfortunately, the news isn’t always providing factual statements as...

Good news for Tyler and East Texas homeowners, the buyers are coming.  We have seen a sudden increase buyers looking at homes in the last week.  How much you ask, 350%.  After a few weeks of slow activity, we have received a surge of activity, with contract numbers increasing as well.  Interest r...