HONOLULU (HawaiiNewsNow) - Hawaii foreclosure filings spiked in December at more than 1,500, then fell back for several months, especially in June and July. There was some suspicion that the good numbers of the last two reports might have been a backlog in filings, and that now appears to have been correct, because from July to August, filings nearly doubled, to more than 1,500. Realty Trac says it's a new record for the islands.
Core Logic compares home price trends across the country. It reports flat prices across much of the nation, falling prices in most western states, but higher prices in Hawaii on average. Honolulu prices rose an average three percent from July to July, while prices fell five percent in Nevada.
Hawaiian Telcom is one step closer to emerging from the chapter 11 bankrupt it entered in November 2008. The Federal Communications Commission has signed off on its reorganization plan. The plan still needs approval by a state body, the Public Utilities Commission.
Hawaiian Airlines is doing a little better than it expected as summer winds down. It has revised the low end of its third quarter forecast from 5.5 percent to 7.5 percent more passenger unit revenue.
Retail news... the Batik Boutique, Noa Noa, now has six locations. It just opened at Royal Hawaiian Center.
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