If you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you're building equity much faster than you might think. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Over the past year, there have still been more people wanting to buy than there are homes available for sale, and that’s pushed prices up. That rise in prices has translated directly into increasing equity for homeowners. How Much Equity Have You Earned over the Past 12 Months? According to the latest Homeowner Equity Insights from CoreLogic, the average homeowner's equity has grown by $28,000 in the last year alone. That's the national average, so if you want to see what's happening in your state, check out the map below. It uses data from CoreLogic to show how much equity has grown in each state over the past year. You’ll notice every single state with sufficient data saw annual equity gains:   What If You Bought Your House Before the Pandemic? If you bought your house before the pandemic, the equity news is even better. According to data from Realtor.com, home prices shot up by 37.5% from May 2019 to May 2024, meaning your home's value has likely increased significantly. Ralph McLaughlin, Senior Economist at Realtor.com, says: “Homeowners have seen extraordinary gains in home equity over the past five years.” To give context to how much equity can stack up over time, Selma Hepp, Chief Economist at CoreLogic, explains the total equity the typical homeowner has today: “With home prices continuing to reach new highs, owners are also seeing their equity approach the historic peaks of 2023, close to a total of $305,000 per owner.” How Your Rising Home Equity Can Help You With how prices skyrocketed a few years ago, and the ongoing price growth today, homeowners clearly have substantial equity built up – and that has some serious benefits. You could use it to start a business, fund an education, or even to help you afford your next home. When you sell, the equity you’ve built up comes back to you, and may be enough to cover a big part – or even all – of your next home’s down payment. Bottom Line If you're planning to move, the equity you've gained can really help. Curious about how much you have and how you can use it to help pay for your next home? Let's connect.

 When deciding where to buy a home in Northeast Florida, two places often come up in conversations: Yulee and Jacksonville. Both offer unique advantages and lifestyles, making the decision a bit challenging. Let's dive into the key factors that might influence your decision on where to plant your roots. Community and Lifestyle Yulee:      Yulee is a smaller, more close-knit community. It offers a slower pace of life, ideal for those who prefer a suburban or rural feel. The area is known for its family-friendly environment and outdoor activities. If you enjoy a quieter lifestyle with easy access to nature, Yulee might be the perfect fit. Jacksonville:     Jacksonville, being a large city, offers a more urban lifestyle. It is the largest city in Florida by land area and population, providing a diverse and bustling atmosphere. Jacksonville is rich in cultural attractions, dining options, and nightlife. If you thrive in a dynamic and vibrant environment with plenty of amenities and entertainment options, Jacksonville could be your ideal destination. Real Estate Market Yulee:     The real estate market in Yulee is generally more affordable than in Jacksonville. You can find larger properties and newer homes for a lower price, making it attractive for families and retirees looking for value. The area is also seeing growth, which could mean a good investment opportunity as property values increase over time. Jacksonville:     Jacksonville's real estate market is diverse, ranging from affordable homes to luxury estates. The city has various neighborhoods, each with its own price range and characteristics. While some areas can be pricey, others offer more budget-friendly options. Jacksonville's growing economy and population also make it a solid choice for real estate investment. Employment Opportunities Yulee:     Yulee offers fewer employment opportunities directly within the town, as it is a smaller community. Many residents commute to nearby areas for work, including Jacksonville and other parts of Nassau County. However, for those seeking remote work or who enjoy a commute, Yulee's lower cost of living can be a significant advantage. Jacksonville:      As a major metropolitan area, Jacksonville boasts a robust job market. It is home to numerous corporations, healthcare facilities, and educational institutions. The city has a thriving business environment with opportunities in various sectors such as finance, logistics, technology, and healthcare. For those prioritizing career growth and job availability, Jacksonville holds a clear edge. Education and Schools Yulee:      Yulee is part of the Nassau County School District, which is known for its quality education and smaller class sizes. The community-centric nature of the town means schools often have strong parental involvement and support. Jacksonville:      Jacksonville has a mix of public and private schools, with some schools having excellent reputations while others may be less desirable. The Duval County Public Schools district serves the area, and there are also many charter and magnet schools offering specialized programs. Additionally, Jacksonville is home to several higher education institutions, including the University of North Florida and Jacksonville University. Recreation and Amenities Yulee:      In Yulee, outdoor enthusiasts will find plenty to love. The area is close to beautiful parks, nature reserves, and the scenic Amelia Island. It’s perfect for activities like hiking, fishing, and boating. The sense of community and the slower pace also provide a relaxing lifestyle. Jacksonville:      Jacksonville offers a wide array of recreational activities and amenities. From the beautiful beaches to numerous parks and golf courses, there’s something for everyone. The city has a vibrant cultural scene, with museums, theaters, and sports venues. Jacksonville also hosts various festivals and events throughout the year, providing endless entertainment options. Conclusion      Choosing between Yulee and Jacksonville ultimately depends on your personal preferences and priorities. If you value a tight-knit community, lower cost of living, and proximity to nature, Yulee might be the better choice. On the other hand, if you seek diverse employment opportunities, a bustling urban lifestyle, and a wide range of amenities, Jacksonville could be more suitable.      Both locations have their unique charm and benefits, making either a great place to call home. Take the time to visit both areas, explore their neighborhoods, and consider what aligns best with your lifestyle and goals. Happy house hunting!

 Relocating to a new city is an exciting adventure, but it comes with its fair share of challenges, especially for families with children. One of the primary concerns is finding the best schools that will provide a solid educational foundation for your kids. If you're considering a move to Palm Coast, Florida, you're in luck. This charming city, known for its scenic beauty and family-friendly atmosphere, also boasts an impressive array of schools. Here’s a guide to help you navigate the best educational options in Palm Coast for your family home. Elementary Schools Belle Terre Elementary School Overview: Belle Terre Elementary is known for its strong academic performance and a nurturing environment. The school offers a comprehensive curriculum designed to meet the needs of all students. Programs: The school has a robust STEM program, arts integration, and a variety of extracurricular activities. Old Kings Elementary School Overview: This school has a reputation for academic excellence and a strong community feel. Teachers are dedicated to creating a supportive and engaging learning environment. Programs: Offers specialized programs in gifted education, music, art, and physical education, alongside a focus on literacy and numeracy skills. Wadsworth Elementary School Overview: Wadsworth Elementary is celebrated for its innovative teaching methods and a commitment to student success. The school emphasizes hands-on learning experiences. Programs: Known for its advanced placement opportunities, and a variety of clubs and after-school programs that encourage student participation and growth. Middle Schools Buddy Taylor Middle School Overview: Buddy Taylor Middle School offers a dynamic learning environment with a focus on preparing students for high school and beyond. The school prides itself on its inclusive atmosphere. Programs: Features a strong emphasis on STEM education, advanced coursework, and a wide range of extracurricular activities, including sports and arts. Indian Trails Middle School Overview: Known for its academic rigor and supportive staff, Indian Trails Middle School aims to foster critical thinking and independent learning among students. Programs: Offers advanced classes, technology integration, and numerous clubs and sports teams, helping students develop diverse skills and interests. High Schools Matanzas High School Overview: Matanzas High School is renowned for its academic excellence, state-of-the-art facilities, and a wide variety of programs designed to prepare students for college and careers. Programs: Offers Advanced Placement (AP) courses, a robust career and technical education program, and extensive extracurricular opportunities including sports, arts, and academic clubs. Flagler Palm Coast High School Overview: This high school is recognized for its strong academic programs and a commitment to student achievement. The faculty is dedicated to providing personalized education to meet each student's needs. Programs: Offers a diverse array of AP courses, International Baccalaureate (IB) program, and vocational training options. Extracurricular activities are abundant, with numerous clubs, sports, and arts programs. Charter and Private Schools Imagine School at Town Center Overview: A public charter school, Imagine School at Town Center focuses on developing well-rounded students through a rigorous academic curriculum and character education. Programs: Emphasizes personalized learning plans, character development programs, and a variety of extracurricular activities. Christ the King Lutheran School Overview: This private school provides a Christ-centered education with a strong academic foundation. It is known for small class sizes and individual attention. Programs: Offers a comprehensive curriculum with an emphasis on moral and spiritual development, alongside strong academic and extracurricular programs. Conclusion       Choosing the right school is crucial for your child's development and overall family satisfaction. Palm Coast, with its diverse and high-quality educational options, ensures that every family can find a school that fits their needs. Whether you prefer public, charter, or private education, Palm Coast’s schools are dedicated to fostering academic excellence, personal growth, and a love of learning. When you move to Palm Coast, you’re not just investing in a home; you’re investing in a bright future for your children. Ready to start your search in Palm Coast? Check out all the listings here