POSTED: 07:18 a.m. HST, Mar 28, 2013
Hawaii had among the fewest completed foreclosures in the U.S. for the 12 months ending in February 2013.
According to a monthly review by CoreLogic, a residential property analytics and services company, West Virginia had 588, followed by Maine, with 542, No. Dakota with 482; Hawaii had 469 and the District of Columbia had only 96.
Nationally there were roughly 54,000 completed foreclosures in February 2013, down from 67,000 in February 2012, a year-over-year decrease of 19 percent.
The February numbers represent “the lowest level nationally since September 2007, with most major metropolitan areas experiencing improvements," said Mark Fleming, chief economist for CoreLogic. "Even the major Florida markets are benefiting with the foreclosure inventories falling the fastest in major metropolitan areas, although from a very high level."
CoreLogic President and CEO Anand Nallathambi predicts the declining trend will continue and will help support a resurgence in the home purchase market “this year and next.”