Posted at 9:59 a.m., Monday, October 30, 2006
Hawaii foreclosure rate has fastest drop in U.S.
Advertiser Staff
Hawai'i's foreclosure rate for the three months ended Sept. 30 had the biggest drop on a percentage basis of any state when compared with the year-earlier period, according to RealtyTrac, an online foreclosure property marketplace.The company said there were 158 Hawai'i properties entering some stage of foreclosure during the quarter. That worked out to one foreclosure for every 2,915 households in the state, or 94 percent lower than a year earlier.
Nationwide there was a foreclosure for every 363 households, up almost 43 percent from the 2005 period.
