Due to a steady rise in Hawaiian foreclosure filings as stated by a June 11th honoluluadvertiser.com posting, Hawaii ranked 15th among the 50 states for the highest number of foreclosure filings per household last month. These numbers come from a recent RealtyTrac report, ranking the states based upon foreclosure filings.
There were 816 foreclosure filings within Hawaii. This marks the second time that Hawaii has been among the 20 top states for foreclosure filings since RealtyTrac’s creation in January of 2005.
The reason for Hawaii’s ranking in recent months is believed to be that the housing markets for many states crashed earlier and are presently faring better than Hawaii.
Realty Trac’s accuracy has been called into question numerous times due to the way they count foreclosures, often double counting properties and including commercial filings. Once again, don’t beleive the hype, they want to sell subscriptions to thier service above all. By making the numbers look high, they think more people will pay to see their foreclosures list.
June 17th, 2009 at 1:28 am
The market is starting to see the affects of the bubble here in Hawaii. Looks like Hawaii is not going to be exempt like some predicted.