Tuesday, March 8, 2011

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

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Foreclosures were up 397.5 perceny for the month compared withMay 2008, and were up 19.3 percen t over April 2009, according to the latest report from RealtyTracx issued Wednesday. Hawaii ranked 15th in the natiohn for foreclosuresin May, up from 23rd in Hawaii had 816 foreclosure filings in May. There were 684 foreclosure filingse 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-based real estat research firm. Nevada again had the highest foreclosuree rate inthe country, with one filinf for every 64 households.
Californiwa had the second highest rate forthe month, followed by Florida. California had the highest numberd of foreclosuresat 92,249. Vermont ranked 50th, with just six foreclosures at a rate of one filintg forevery 51,906 households. Nationally, there were 321,480 foreclosurw filings for the month, down 6 percent from April and up nearlyy 18 percent fromMay 2008, accordin g to the report.

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