Mediate Michigan

Some couples stay together for love, and others stay together for the kids. But today, with unemployment at 9.1% and real estate prices continuing to decline, more and more couples are staying together for the home. Divorce rates have declined every year since the onset of the Great Recession, back in 2007.

Many cities have multiple foreclosures and homes sitting for months on the market. Not the best seller’s market! But, if you’re staying together waiting for real estate to turn around, you might have to wait years. According to James J. Saccacio, chief executive officer of RealtyTrac, “Data from the Mortgage Bankers Association shows that about 3.7 million properties are in [a] seriously delinquent stage.” That means there are a lot more foreclosures waiting in the wings, which could continue to drag home prices south.

via Natalie Pace: Are You Staying Together For the Home?.