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Jun 13 2008

Hawaii ranked No. 42 in the nation for foreclosures in May…

Posted by: Jon in Market Watch, Updates

According to Pacific Business News,(PBN)

  • Hawaii ranked No. 42 in the nation for foreclosures in May, up from 36 in April, according to the latest report from RealtyTrac.
  • Hawaii had 162 foreclosure filings in May, down 22 percent from April and up 25 percent from May 2007.
  • There were 210 foreclosure filings last month and 129 foreclosures in May 2007.
  • Hawaii had a foreclosure rate of one filing for every 3,087 households, said the latest survey by California-based real estate research firm RealtyTrac.

    Nevada again had the highest foreclosure rate in the country with one filing for every 118 households. California had the second highest foreclosure rate, with one for every 183 households receiving a filing in May. Arizona ranked third, with one filing for every 201 households. California had the highest number of foreclosures at 71,930. Nationwide there were 261,255 foreclosure filings for the month, up 7 percent over April and up 48 percent from May 2007, according to the report.

    This entry was posted on Friday, June 13th, 2008 at 3:24 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.

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