Oahu Home Sales

According to the Pacific Business News, there were 1,270 home foreclosure filings in Hawaii in 2007, a nearly 89 percent increase over 2006 but still one of the lowest in the nation. Hawaii ranked 43rd for its foreclosure rate and is still relatively untouched by the softening housing market that has hit many areas of the country.

By comparison, California had 481,392 foreclosure filings in 2007, a 238 percent increase from 2006 — and a 682 percent gain over 2005. California had more filings and more properties in foreclosre — 249,513 — than any other state.

The report found that more than 1 percent of all U.S. households were in some state of foreclosure during the year.

This entry was posted on Tuesday, January 29th, 2008 at 11:48 pm and is filed under Market Watch, Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.