Divorce is very predictable. On average, about half of the 2.3M couples that get married every year will end in divorce. Most studies show that the two main causes of dissolution of marriage are infidelity and finances (Debt). However, there are so many random events that negatively impact a couple that the high divorce rate doesn’t surprise me.
Known Unknowns of Marriage
Health – Women who have been diagnosed with cervical cancer are more likely to divorce, by 40 percent. If a man is diagnosed with testicular cancer, the marriage is 20 percent more likely to divorce. Experts note that if a spouse has gained more than 20 percent of his or her body weight, divorce is more likely.
Family – According to U.S. statistics, if there is a daughter and no son in a marriage, the union is 5 percent more likely to end in divorce. Children of divorced parents are twice as likely to drop out of high school and less likely to attend college. Having twins or triplets increases the risk of divorce by 17 percent.
Job – According to the Defense Department, the divorce rate of military couples rose sharply over the last decade. The Air Force has the highest rate of divorce out of all the services. According to a recent study, dancers and choreographers reported the highest divorce rates (43.1 percent), followed by bartenders (38.4 percent), and massage therapists (38.2 percent). Rounding out the top 10 were casino workers, nurses, and home health aides.
Age – The divorce rate for couples over 65 years old has doubled since 1980. A marriage in which a woman is two or more years older than her husband is 53 percent more likely to end in divorce than if the husband were three or more years older or only one year younger.
Florida law requires an equitable, or fair, division of property between the spouses. The law says that equitable usually means equal. Only marital assets and debts are divided when a couple divorces. Marital assets includes everything the spouses acquired, both separately and together, during the marriage.
813,000+ people file for divorce every year. 45% of them list their home for sale in the first year. 61% of divorcees list within 2 years.
Larry Tolchinsky, a South Florida foreclosure defense attorney says, “In a Florida partition action, the judge orders a fair and equitable distribution of the proceeds from the sale of the home based upon factors including costs and expenses that one owner has incurred versus the other owner.”
This creates a lead. The 7D Theory identifies participants in this distress situation and offers an amicable solution to both parties. Due to high divorce rates, these circumstances have a profound effect on available inventory and location in markets throughout the country.
The Florida marriage rate has decreased 36% since 1980. Statista an internet statistic company says Florida has the 8th highest divorce rate in the U.S. 60% of Florida marriages fail and divorce papers are filed on average in the 10th year.
81% of the nation’s top divorce attorneys say they have seen an increase in the number of divorce cases using social networking evidence.
American Academy of Matrimonial Lawyers
How Divorce Affects Housing Inventory
The National Marriage Project is an annual study conducted by Rutgers University which investigates and reports attitudes towards marriage. One key finding was that an increasing number of young adults were more open to living together outside of marriage.
This annual report named, The State of Our Unions found that “between 1960 and 2000, the number of unmarried couples in America increased by over 1000 percent.” Moreover, there is a significant amount of data that predicts that cohabitation or those living together before matrimony are far more likely to break up after marriage.
Divorce changes the dynamic and increases the number of households. Don Johnson, Urban planner and economist stated, “each divorce causes a new household to be formed, even though the total number of people has not changed.
The number of households has increased much more quickly than the total population, and at the same time the average household size has decreased significantly. Rising divorce rates are obviously an important cause.” Which continues to drive a consistent flow of inventory all over the nation.