| Foreclosures in Hawaii
Population:
42nd largest U.S. State by population, with 1,288,198 people (2009 estimate). 43rd largest state in the country by area, at 10,931 square miles.
Largest city: Honolulu
Median income:$67,214 (2008 estimate)
Climate:
Yearly rainfall: 23.5 inches per year
Yearly snowfall: It almost never snows in Hawaii except at the highest altitudes of its larger mountains.
Temperatures (High/Low) in capital city of Bridgeport:
January, 80/66; July, 88/74
Foreclosures:
Foreclosure activity for 2009 increased in Hawaii over the prior year. There was a total of 9,002 properties with filings. That works out to a rate of one filing for every 56 households, which compares to the United States average of 45, and is a little less than two percent of the state’s housing units.
Those figures represent a 182 percent increase over 2008 and an 831 percent increase over 2007.
In 2008 there were about 20,000 existing homes (including condos, co-ops, and single-family homes but excluding new homes) sold in Hawaii, compared to about 27,800 sold in 2007.
Economy:
Much of Hawaii's economy is derived from tourism, which has been a major economic engine since it received statehood in 1959. Nearly 25 percent of Hawaii's economic activity comes from tourists. Government comes in a close second to tourism in terms of employment sectors, and agricultural production of crops like coffee, macadamia nuts and pineapples comes in a distant third. Hawaii's median income is the fifth highest in the United States.
Noteworthy: Hawaii is the most remote population center in the world, located 2,390 miles from California. It's also the only state in the country that grows coffee.”
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