According to a report issued by the state Judiciary, there were just 191 new foreclosures cases that were filed in Circuit Court during April 2014. This was a significant decrease from the 397 new cases that were filed during the same month a year prior. Furthermore, CoreLogic Inc., a financial services firm, noted that only 4.9 percent of Hawaii homeowners were at least 90 days overdue on their mortgage payments, as compared to 5.9 percent from the same month in 2013. Experts are pointing to these two indications as signs that Hawaii's economy is improving and state that Hawaii's lower unemployment rates, fewer bankruptcies, rising personal incomes, and higher real estate values are the reason why these numbers are decreasing.
Source: Honolulu Star Advertiser, 7-5-2014, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Principal Broker, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
