After being ranked 36th in the nation for foreclosures in the month of April, Hawaii dropped to 42nd in May. Hawaii had 162 foreclosures in May, down 22% from April, but up 25% from May 2007, when there were 129 foreclosures.
The foreclosure rate for Hawaii was one of every 3,087 households. Nevada led the nation with one filing for every 118 households.
California led the nation in the number of foreclosures with 71,930.
Nationally, foreclosures were up 7% over April, and up 48% over May 2007.