Brand
We now have a New Albany, Ohio location!

Columbus, OH 614-360-2942
Huntington, WV 304-519-4354
New Albany, OH 614-721-7726

Columbus, OH 614-360-2942
Huntington, WV 304-519-4354
New Albany, OH

PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us via telephone or through video conferencing. Please call our office to discuss your options.

Rise in home values may spark rise in divorces

On Behalf of | May 29, 2013 | High Asset Divorce |

Today, stories abound regarding the resurgence of the stock market and the uptick in consumer confidence. The Dow Jones Industrial Average recently closed at a record high, and the housing market is having numbers not seen since 2005.

It seems so long ago that divorcing parties were foregoing splits and choosing to live under the same roof, even though the relationship was essentially over.

It appears that times are changing once again.

According to an NBC News.com report, divorce filings have increased in recent months. Analysts believe that the combination of improving home values and job creation may fuel the bevy of divorce filings. Some liken it to a “pressure valve for backlogged marital discontent.” The poor economy kept people in bad relationships (and financial commitments). Since people can finally afford to get divorced, they are.

It is ironic that just as the latest recession created marital discord, the improving economy is leading to divorces. With financial strife being the principal reason for divorce, it should follow that financial harmony keeps couples together. However, that does not appear to be happening.

For those who finally have the financial means to leave a troubled marriage, you are not alone, and the robust housing market may mean that properties that were underwater just a few years ago could result in a profit. Also, the divorce rate for Americans over the age of 50 has grown over the last decade, and does not appear to be slowing down.

If you have questions about your rights and options in an Ohio divorce, an experienced attorney can help 

Source: TheFiscalTimes.com, As home values rise, so does divorce, May 17, 2013

Blog

Archives

Findlaw Network

Contact Us For A
Free Consultation