Direction of Honolulu Real Estate Foreclosures…Up or Down?

January 28th, 2010 categories: Rants & Riffs, The Market

Which headline concerning foreclosures in Honolulu is correct?

Foreclosures running high-Honolulu Star Bulletin
Honolulu ranks lower in foreclosures-Pacific Business News

Here is what the Star Bulletin reported.

“Although Honolulu finished 2009 with fewer foreclosures per household than the national average, the city’s foreclosure activity increased at more than six times the national pace over the last 12 months and is expected to worsen this year.” CLICK HERE TO READ THE ARTICLE.
Here is what Pacific Business News reported.

“Despite a surge in foreclosures in 2009, Honolulu’s foreclosure rate ranked 128th out of 203 of the nation’s largest metropolitan areas, according to new statistics from RealtyTrac.” CLICK HERE TO READ THE ARTICLE.
Which paper is right? Read both articles and you can see how they are both right. The one you agree with may be an indication of your mental outlook. If you agree with PBN, then you may have an optimistic view of the future. It is the other, the opposite might be true.
SEARCH FOR YOUR HONOLULU HOME

If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

This entry was posted on Thursday, January 28th, 2010 at 10:00 am and is filed under Rants & Riffs, The Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.