| Market data appears to support Greenspan’s prognostication that home prices are due to experience a further drop in value. And, according to real-estate market researcher RealtyTrac Inc., the number of Americans in danger of losing their homes to foreclosure has more than doubled just from last year. According to that company, lenders sent notices of default to 108,716 homeowners in August, more than two-and-a-half times the level of a year ago. Also, the total number of foreclosure filings rose 115% to 243,947 in August from a year earlier. That figure includes defaults, scheduled auctions, and bank repossessions. |
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