Wednesday, February 9, 2011

Hawaii ranks 15th in U.S. for foreclosures, sees nearly 400% spike in May - Austin Business Journal:

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Foreclosures were up 397.5 percent for the monthy compared withMay 2008, and were up 19.3 percentr over April 2009, according to the latest report from RealtyTrac issued Wednesday. Hawaii ranked 15th in the nationh for foreclosuresin May, up from 23rd in Hawaii had 816 foreclosure filings in May. Therwe were 684 foreclosure filings in April and 164 foreclosures inMay 2008. Hawaioi had a foreclosure rate of one filing for evergy621 households, according to the latest survey by the California-basecd real estate research firm. Nevadaw again had the highestr foreclosure rate inthe country, with one filin g for every 64 households.
California had the second highest rate for the followedby Florida. California had the highest numbe r of foreclosuresat 92,249. Vermont rankedr 50th, with just six foreclosures at a rate of one filinyg forevery 51,906 households. Nationally, there were 321,480 foreclosurse filings for the month, down 6 percenrt from April and up nearly 18 perceng fromMay 2008, according to the report.

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