More than $700 billion in home equity is effectively “trapped” and inaccessible to homeowners due to a variety of economic circumstances, including employment shocks and shifts in the market that negatively impact their credit scores.

This information comes from an economic analysis published last week by alternative home equity investment company Point.

The “trapping” stems primarily from two key issues — “persistently high interest rates and the normalization of non-traditional career paths,” the company explained.

About 9% of homeowners with a mortgage experience either a job loss, a reduction in pay details ⇒

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