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The Navarre real estate market is making its way back from the downward spiral of 2010. Agents in Navarre and across the country remember the times of the 2006 real estate boom when buyers were bidding for well over list price to beat out another potential buyer, and the sales were plentiful. Then the housing market crashed and Navarre’s market was no exception. Loans went into default status and homes were foreclosed. Sellers pulled back as the home prices dropped. Buyers found it more difficult to qualify for a mortgage.
Al Muller representing Metro Market Trends, Inc. gave an encouraging market analysis to Navarre realtors and a recent Navarre Area Board of Realtors meeting.
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