NEW YORK (CNNMoney)  — Foreclosure filings in April fell for the third straight month to the lowest level since July 2007.

Total foreclosure activity for April, including default notices, scheduled auctions and bank repossessions, was down 5% from March, according to RealtyTrac. Read More

Doug Kass, who calls shorting bonds the trade of the decade, might not like hearing this. A top PM at BlackRock says just the opposite.

Rick Rieder BlackRock Chief Investment Officer of Fixed Income believes yields on the 10-year
[US10YT=XX  1.913    0.038  (+0%)   ]
could go as low as 1.5%. (In the bond market yields and price are inversely related.) Read More

I’m just back from the Berkshire Hathaway shareholders meeting in Omaha, where billionaire Warren Buffett and 25,000 of his closest personal friends gather each year to talk money. Read More

As many as 1.25 million foreclosed homes are expected to enter the market in  2012 as the foreclosure probes end. Read More

More buyers signed contracts to buy existing homes in March than the previous month, according to a monthly survey just released by the National Association of Realtors. Read More

Home prices dropped in February in most major U.S. cities for a sixth straight month, a sign that modest sales gains haven’t been enough to boost prices. Read More

(MONEY Magazine) — For today’s homebuyers, the weight of the monthly mortgage bill is the lightest it’s been in decades.

Put 20% down on a median-priced ($154,400) existing home, and your payment will come to $616 a month, only 12.1% of the median U.S. family income. Read More

Groundbreaking on U.S. homes fell unexpectedly in March but permits for future construction rose to their highest level in 3 1/2 years, giving a mixed message for one of the economy’s weaker sectors. Read More

For nearly two years, I have been warning in my articles posted on BUSINESS  INSIDER that there is no housing bottom in sight.  I’ve been  correct.
Yet one analyst after another has been proclaiming that the  housing bottom is finally here.  This is nonsense! Many of  these “experts” have skin in the game and hope to lure you back into the market.  They base their assumptions on the fact that housing prices seem to be falling  more slowly.  They’re not.  Take a look at these shocking numbers I  uncovered in the last two weeks:
SINGLE-FAMILY HOME PRICES IN THE  NORTHEAST  February 2012
Location             Avg. Price Per Sq. Ft        Change from Feb. 2011
Connecticut
Fairfield  County                  $260            down  16.6%

City of Bridgeport                $86              down 17.3%

City of New Haven              $88              down 31.2% City of Hartford                     $72             down 10.1%

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In a stark reversal during the heart of the spring housing market, confidence among the nation’s homebuilders dropped in April to levels not seen since January. Read More