Hawaii ranks 43rd in '07 foreclosures

Jan 29, 2008

There were 1,270 home foreclosure filings in Hawaii in 2007, a nearly 89 percent increase over 2006 but still one of the lowest in the nation.

Hawaii ranked 43rd for its foreclosure rate and is still relatively untouched by the softening housing market that has hit many areas of the country.

Hawaii had a rate of one foreclosure filing for every .2 households, according to the latest survey by California-based real estate research firm RealtyTrac.

Nevada had the nation's highest foreclosure rate for 2007, with 3.4 percent of its households in some stage of foreclosure during the year. The state had 66,316 filings.

Vermont had the lowest rate with 61 filings for the year.

California had 481,392 foreclosure filings in 2007, a 238 percent increase from 2006 -- and a 682 percent gain over 2005. California had more filing and more properties in foreclosre -- 249,513 -- than any other state.

The national foreclosure rate was up 75 percent from 2006. There were 2,203,295 foreclosure filings for the year.

The report found that more than 1 percent of all U.S. households were in some state of foreclosure during the year.

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