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Foreclosures Are Up...Divorces Are Down

1 year, 5 months ago

The American Academy of Matrimonial Lawyers says its seeing divorce rates fall. Hard time can often strain marriages, but the housing downturn may be curbing divorces.

According to a November report, 37% of members said they are seeing a decrease in divorce cases.Members say the usually see a drop in the number of divorce cases during economic downturns, while only 19% saw an increase during challenging times.

Part of the reason is couples used to be able to divorce fairly easily and sell their homes. But with home sales down, couples have to stay in their homes and stay together, however reluctantly, until the housing market turns around.

With it taking months and months to sell a home the housing market is drawing some families closer together, but there challenges like like: lifestyle and generational differences, depression, money squabbles and other issues when relatives huddle together for economic relief, says career coach Nicholas Aretakis, author of "No More Ramen: The 20 somethings Real World Survival Guide".

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