Nicole Duffey
banner
duffeyhomesnova.bsky.social
Nicole Duffey
@duffeyhomesnova.bsky.social
Nerdy Elder Millennial Real Estate Takes
Education Focused & Data-informed Realtor in Northern Virginia
🌈 love is love 🌈

nicoleduffey@kw.com
https://linktr.ee/duffeyhomesnova
Keller Williams Fairfax Gateway
🙌🏻🙌🏻🙌🏻
July 16, 2025 at 6:04 PM
Five year price appreciation in Virginia homes at 54% - I’ve been in real estate this entire time and I watched it happen and I still can’t really fathom what this means for people long term.
July 10, 2025 at 11:54 PM
a lot of people were hurt in 08 bc they were given loans they could not afford in the first place, or sold ARM loans which ballooned their payments in later years. The only way to get out of them was to refinance or sell and when neither of those options worked, foreclosure was all that was left.
March 27, 2025 at 2:24 PM
The equity is really just a number on paper until the home sells or you *pay money* to take out some sort of loan with the house as collateral (like a HELOC). For anyone who bought a home in 2007 if they could stay there, or rent it out, & still afford their mortgage, they weren't in trouble.
March 27, 2025 at 2:22 PM
HELOC is different than a refinance - I'd see what rates you're getting quoted for the HELOC and decide then
March 19, 2025 at 4:43 PM
^^^THIS
March 19, 2025 at 4:41 PM
They do really want to buy houses, however the change in lifestyle desires is noticeably going to start coming into play when inventory rises - walkability and community are very important
February 25, 2025 at 6:51 PM
Add me to the pack and you’ve got a deal 😊
January 22, 2025 at 4:55 PM
What was the affordability index during those times though?
January 10, 2025 at 6:26 PM
Lawrence Yun predicts mortgage rates to settle at around 6% to 6.5% this year.
January 10, 2025 at 6:25 PM
So - anyway

Median Home Prices in America are between $1,579,260 and $46,930 🫠🫥😵‍💫

Which means the national average may not be very relevant to you wherever you are. You need to look carefully at local market analysis to understand what you're dealing with.
January 10, 2025 at 5:40 PM
People weigh so many things in the choice of where to live: family obligations (hello aging parents!) community support, opportunities, activities, quality of life, health concerns

(if you've ever known someone who's body can not handle extreme temps you know that the latitude is NOT a choice)
January 10, 2025 at 5:36 PM