EXIT Oceanside Realty Blog

By Emily BrandonIf you don't have a traditional pension through your job and haven't been saving a significant amount in a 401(k) or individual retirement account, Social Security is likely to be your largest source of retirement income. Almost all retirees (86 percent) receive Social Security payments, and for over a third (36 percent) of retirees, Social Security accounts for 90 percent or more of their retirement income. The type of lifestyle Social Security alone will provide largely depends...

 Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan fell to 4.12 percent from 4.19 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, also declined to 3.3 percent from 3.36 percent.

The 30-year rate is down from 4.53 percent at the start of the year.

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 Younger, first-time homebuyers are an increasingly rare sight in the current housing market. The homeownership rate for the 35-and-under crowd fell to a 22-year low in the second quarter, according to the Census Bureau. A bounce might loom on the horizon as lenders start to loosen credit and underwriting requirements. Even with a broad thaw, it'll still be tough for many first-time buyers to build the credit and liquidity needed to secure home financing.

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We always hear that remodeling a kitchen is one of the most expensive home improvements. And it can be. The Remodeling 2014 Cost vs. Value Report listed the average cost of a major kitchen remodel at $54,909, and even a minor remodel came in at $18,856. But kitchen remodeling doesn't have to be that expensive.

Read article:  http://www.realestate.aol.com/blog/2014/06/09/kitchen-remodeling-cost-cutting-tips/

Long-term interest rates staying in new range after surprise drop.

Silly season” for newsies is high summer, when there so little news that “Man Bites Dog!” migrates to page one. In this late-spring week news is plentiful, but a lot of it is silly. Keep sense of humor close by.

Read Article:   http://www.inman.com/2014/06/06/with-us-economy-on-the-mend-trouble-elsewhere-helping-keep-a-lid-on-interest-rates/