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Hawaii foreclosure rate among lowest in U.S.
Honolulu ranks near the bottom of the list of the nation's 100 largest metropolitan areas, but when it comes to foreclosure rates being at the bottom is a good thing.
Honolulu ranked No. 97 with a rate of one foreclosure for every 0.15 households and only 621 foreclosure filings in 2007, according to the latest year-end report by California-based real estate research firm RealtyTrac.
Detroit had the highest foreclosure rate for metropolitan areas in 2007, with 4.9 percent of its households in some stage of foreclosure during the year and 72,616 filings.
Stockton, Calif., at No. 2, had a 4.8 percent foreclosure rate and 22,184 filings for the year. Las Vegas came in at No. 3 with a foreclosure rate of 4.2 and 59,983 filings.
Greenville, S.C., had a foreclosure rate of negative 73 percent, and 306 filings for the year.
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