July saw a big spike in home foreclosures for the state of Hawaii. According to RealtyTrac's Wednesday report last week, there were almost 300 more filings in July than in June and as far as national rankings for highest foreclosure rate, Hawaii jumped from 19th to 15th between those two months.

The total number of Hawaii foreclosure filings in July was 990 with 706 in June. In July of last year, there were 229. What we've seen is a 332 percent increase in foreclosures for July since the same month last year, and a 40 percent increase since June of this year. That is a very serious jump.

[Full Story - "Hawaii Foreclosure Spike in July"]
Today's Maui Real Estate Spotlight brought to you by Robert Myers Realtor,
Specializing in Maui ocean-front homes.

If you have not browsed Maui oceanfront homes for sale lately, you may want to consider having a look. There are also some amazing Kapalua homes for sale at this time. Keep in mind that the greatest decline in listing prices is taking place in the most expensive neighborhoods. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!