Family Law Blog

Colorado Divorce Rate Drops Along With Housing Values

By Denver Divorce Lawyer on June 16, 2011

As housing values have fallen in recent years, the Colorado divorce rate has gone along with them, according to an article in The Denver Post. Over the last several years, divorce lawyers in Colorado have noticed a decrease in the number of people seeking to end their marriages. Prior to the recession, a spouse who was allowed to keep the family’s house during a divorce usually came out of the divorce doing well, financially. That changed, however, when the housing bubble burst. Recently, many couples have put off divorce because neither one can afford to be saddled with the debt attached to the family home; particularly if the couple is “underwater”, or owes more money than the house is currently worth.

In 2011, the Colorado divorce rate hit a near-record low of 4.2 percent per 1,000 people. While this may sound like good news, it also means that the economy is forcing people to live together who, in better times, would choose to live separate lives. In the face of underwater mortgages, unemployment, and rising food and energy costs, many people feel unable to find the resources to divorce, even if they want to do so.

Divorce is an emotionally charged process, and it can be difficult to focus on the financial facts of what you will need to live on once the marriage ends. The experienced Colorado divorce lawyers at Kaplan Law can help. We will discuss your needs and wants with you and fight to ensure you have what you need to move on with your life. To learn more, call Kaplan Law today at 1-877-527-5260 for a free and confidential consultation.