Oxford Alabama is still going strong according to CNN money (see information below) The numbers are a little misleading because they are incorporating both Anniston and Oxford and Anniston in my opinion is not as desirable as Oxford is so that being said if you are located in Oxford and wish to buy or sell you should be OK compared to the other cities around the country. Luckily for all of Alabama is varying pretty well considering the shape that the country is in.
If you are selling look for people to try and low ball because of all the bad press that bleeding over from everywhere else and if your buying don't get discouraged if a seller doesn't seem to be willing to give the property away. The forcast for the area according to CNN is slightly lower for 2009 compared to 2008 but all in all we are holding our own.
In other news Rates are looking great I hear you can get as low as 5.5% on purchase and refi FHA loans
If you have any questions about Oxford or surrounding area or if you like general information please feel free to give me a call or visit my website at www.biglynn.com
I will assist you with ever phase of the real estate transaction and I specialize in First Time Home buyers, Investment property and working with investors, Short sales, and I also have a special program for clients who wish to buy REO or Foreclosures
Your local forecast 381 markets tracked
| Anniston-Oxford, AL |  |
| Forecasted change in home prices: 2008 | +2.9% |
| Forecasted change in home prices: 2009 | +2.4% |
| Market fundamentals | |
| Median Family Income (2007) |
$47,100 |
| Median Home Price (2007:Q4) |
N/A |
| Change in Home Prices (2006:Q4-2007:Q4) |
+4.7% |
| Worst 1-Year Home Price Change (1980-2007) |
-0.3% (1995:Q2) |
Source: FiServ Lending Solutions
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