Comment on RealtyTrac: 8 percent of Hawaii homes are 'seriously underwater'

RealtyTrac: 8 percent of Hawaii homes are 'seriously underwater'

Only 8 percent of Hawaii homes were “seriously underwater" during the first quarter of this year, according to a report from RealtyTrac, meaning that the combined loan amount on the property is at least 25 percent more than its market value. On the flip side, the report also said that 33 percent of Hawaii residential properties were “equity rich” during first quarter 2014, meaning they had equity of at least 50 percent.  The real estate data tracking service said that 19,930 homes in Hawaii…

 

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