Breaking Down the Numbers
According to the CDC as of 2018*
Number of Marriages: 2,132,853
Marriage rate: 6.5 per 1,000 total population
There were 782,038 divorces in the US in 2018 (45 reporting states and D.C.)
Divorce rate: 2.9 per 1,000 population (45 reporting states and D.C.)
*Note: Divorce statiscs lag by 2 years.
According to the Financial Divorce Association
70% of all Divorces in the US involve Real Estate
547,427 Divorces with Real Estate Annually
1,094,854 Divorcing Homeowners Annually
Is there an opportunity for you as a CDLP™ in your market?
The following table shows the potential opportunities per CDLP™ per Metropolitan Areas. These opportunites are calculated using the above statistics.
Akron, OH has a population of 703,479 as of 2019
Assuming 1CDLP per 250,000 population - 3 CDLPs
Average annual divorces - 2,040
Divorces with real estate - 1,428
Opportunity in units per CDLP is 476 (1,428/3)
If each CDLP gained only 25% of market share of the 476, this equates to an opportunity of 119 annual divorce mortgage transactions. (And that's working with only one of the two spouses!)
Note: The 1 CDLP per 250,000 population is our figure that provides each CDLP with the greatest opportunity of 100 units annually in any given MSA.