Trouble in paradise? Looks like Hawaii is not immune from the mortgage troubles brewing on the mainland as reported yesterday in the Honolulu Advertiser:
The subprime loan debacle that has roiled global financial markets could lead to a rise in home foreclosures in Hawai'i and a possible decline in home prices, experts say.
About 1,600 subprime loans issued last year in Hawai'i could wind up in foreclosure, according to a recent study. What's more, the collapse of subprime lending could lead to fewer buyers in the market.
Hawaii See Mounting Subprime Loan Failures - via Honolulu Advertiser
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