Study: 3,985 Oahu properties in foreclosure in '09

AP News | 2010-01-28 19:09:24

<div id="subtitle">Study: 3,985 properties, or 1 in every 84 Oahu households, was in foreclosure in 2009</div><div><p>Foreclosures on Oahu may have been way up last year, but a new study says the island still had a lower foreclosure rate than 126 other major metropolitan areas of the nation.</p><p>Foreclosure listing firm RealtyTrac says 3,985 properties, or one in every 84 Oahu households, was in foreclosure in 2009. The activity represented a 142 percent increase from 2008 and a 672 percent rise from 2007.</p><p>The 2009 total represented 1.19 percent of all Oahu homes. The average among 203 of the largest metro markets included in the study was 2.21 percent.</p><p>Las Vegas-Paradise, Nev., had the worst foreclosure rate with 12 percent of its housing market facing foreclosure last year. Burlington-South Burlington, Vt., and Utica-Rome, N.Y. tied for the lowest foreclosure rate at 0.05 percent.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=67987785&bid=informcom" /></div><div id="copyright"><div>


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