Reported 1 day ago
A recent study highlights that millions of homeowners are unable to access their home equity, primarily due to rising interest rates and shifts in the labor market. This situation affects approximately 5 million Americans, locking away about $730 billion in equity. The inability to leverage home equity, which traditionally supports renovations, education, and debt repayment, poses significant challenges for many families across various regions, particularly in the West and South.
Source: YAHOO