Tracy and Mountain House in the Central Valley of California show stable real estate market
Thursday, September 9, 2010
While prices have hit near all time affordability prices, the Tracy and Mountain House areas of the Central Valley have managed to maintain relatively stable prices. Even though the stock market continues its roller coaster ride and rumors run amok about the housing market and the thousands of foreclosures yet to come on the market. For the most part the appetite for real estate in the Tracy and Mountain House areas of the Central Valley seem to be handling the foreclosures that come on the market keeping prices there fairly stable.
According to Trulia, the current prices for the Tracy area are in fact up 6.7% year over last year. Mountain House prices are similarly up 6.6% over last year. Although there are no guarantees, it would seem that holding on to your house in these areas would make sense in the long run if you can, even if the payments are a little tough right now. If you are facing difficulties making your mortgage payments now, consider loan workouts, loan modifications, and even a short sale or deed in lieu. Contact a housing counselor from an approved list at www.hud.gov/offices/hsg/sfh/hcc/fc or contact a certified HAFA specialist at www.GoTracy.com or click here for a list of certified agents.
