Once again the newspapers are delivering the foreclosure info for Hawaii again.  At least this time they have the headline right.  Hawaii Foreclosures Rise, But Rank Low Nationally.  Hawaii’s strong economy, coupled with a more conservative mortgage selection process, and price stabilization has led, once again, to Hawaii having one of the lowest foreclosure rates in the country.  Don’t plan on looking for that ultimate good buy in the foreclosure market here.  Not yet. And if your thinking of foreclosures, read Are Foreclosures Really A Good Buy?

To give you an idea of where Hawaii sits with regards to foreclosures:

national figures showing more than 1 percent of all U.S. households were in some stage of foreclosure during the year.

In Hawai’i, only about 0.2 percent of households were in some stage of foreclosure last year. That ranked the state as having the seventh lowest foreclosure rate nationally.