Posted by 101livescan on 5/30/13 8:36am
Msg #471687

Divorces on the Rise...signing of the times!

http://www.thefiscaltimes.com/Articles/2013/05/17/As-Home-Values-Rise-So-Does-Divorce.aspx#page1

Since people can now sell their homes, and have a little extra cash, they can finally afford to divorce...

Means more people/divided families seeking new digs...could mean more people looking for homes to buy/sell in a sellers' market.

Reply by ananotary on 5/30/13 9:15am
Msg #471688

How sad!! n/m

Reply by Tim Cameron on 5/30/13 9:31am
Msg #471690

As a realtor for 32 years, I can tell you divorce rarely results in the parties buying new homes soon after the proceedings.............Our next big market is going to be in the cash back re fi market, but that will be short lived, housing is ready for another move to the downside

Reply by 101livescan on 5/30/13 9:59am
Msg #471691

A lot of banks are giving out HELOC's again. Trouble brewing, we never learn. Meanwhile, what about all the homeowners who haven't been paying their mortgages for 2 and 3 years, can't get modifications, and just waiting for the other shoe to drop. Many in my area. Wonder what the rest of the country is like and how banks plan to deal with that tsunami?