Honolulu Foreclosures Up
August 2nd, 2010 categories: The Market
The Honolulu StarAdvertser is reporting a significant increase in the number of foreclosures in Honolulu. Generally, Honolulu includes all of the island of Oahu and since the reporting company, RealtyTrac, doesn’t delineate between the different communities it is difficult to tell whether the increase is in outlying areas or the urban core.
“Home foreclosures in Honolulu shot up more than 70 percent during the first half of this year even as foreclosure rates began abating in the hardest-hit cities on the mainland, according to report released today.
A total of 2,784 Honolulu homeowners received a foreclosure filing between January and the end of June, up 72.3 percent from the first half of 2009, according to the report from real estate research firm RealtyTrac.”
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It seems that demand for well priced homes and condos in urban Honolulu is still high. Let’s see what happens over the next six months.
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.
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