Oxford students and residents are having a hard time finding houses this time of yfear, mostly because of prices and the change in our economy. According to the Washington AP, a wave of foreclosures is forcing down the prices in most U.S cities. http://www.oregonlive.com/business/index.ssf/2011/04/home_foreclosures_reduced_by_b.html
Students looking for houses this year have came across a problem, expensive prices. Kimsey King, Ole Miss student, talked with relator, Dirk Bender, of Summitt Properties, and he explained why there is such a raise in the prices and what relators around the area are having to do to sale or rent out their houses, reduce the cost. "Two and half years ago, in 2008, the stock market crashed and it impacted our economy horribly," says Dirk. Because of this it not only impacted local Oxford residents, but also different real estate agencies. http://www.oxford4rent.com/
Recently, local agencies have had to lower their prices so it would not effect them as much. Since prices around the area have been reduced it has been easier on college students to find the right home compared to two years ago when the stock market crashed.
