Oahu Home Sales

According to a recent article in the Pacific Business News, Hawaii ranked 43rd in February 2008 Foreclosures.

Hawaii had 143 foreclosure filings in February, a 16.2 percent increase from the previous month but an increase of 142.3 percent over February 2007.

Hawaii ranks 43rd in the country for its foreclosure rate of one filing for every 3,434 households, according to the latest survey by California-based real estate research firm RealtyTrac.

Nevada again had the nation’s highest foreclosure rate for the month, with one filing for every 165 households. The state had 6,167 filings.

California had 53,629 foreclosure filings in February, despite a 6 percent decrease from the previous month, but still up 131 percent from February 2007. The state had a foreclosure rate of one filing for every 242 households.

The national foreclosure rate was down 4 percent from January, but up nearly 60 percent from February 2007. There were 223,651 filings.

This entry was posted on Sunday, March 16th, 2008 at 11:12 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.