In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across

The number of applications filed for a new home loan fell from the previous week, though average interest rates offered to mortgage applications in the last week were up only slightly.

The latest numbers demonstrate that consumers may have responded to the combination of continuing low interest rates and newly increased inventory sooner than some watchers of the market had expected.

An increasing number of Americans believe the situation is improving for both homebuyers and sellers, according to the latest survey from NAR.

Single-family housing starts fell in the Northeast, Midwest and West, but rose in the South, where majority of house building takes place. Still, there’s a reason for optimism going forward.

The latest RE/MAX report for the Chicago metro area shows some improvement over last month, but year-over-year numbers still fall short of national totals.

This is the first quarter since Q3 2016 that more respondents saw a positive rather than negative outlook for profitability, and is the second-highest margin of optimism recorded in the survey’s six-year history.

What you need to know about who’s applying for mortgages, what rates are looking like now and one important meeting coming up next week that you’ll want to be aware of.

Two recent measures of Americans’ confidence in the national housing market improved in the last month, showing that more homeowners as well as consumers are generally feeling more optimistic about this key segment of the U.S. economy. One of

The practice of home flipping in the U.S. is declining in strict numbers, even as it grows as a share of all home sales. The theory behind the decline is that home flippers may be pulling back due to fear of a worsening real estate market on the horizon.

The eighth annual Houzz & Home Study revealed the trends, desires, budgets and challenges of homeowners taking on remodeling projects. These takeaways will help you assist clients who are looking to upgrade their living spaces.

According to a recent report from CoreLogic, the share of listings sold at or above list price fell to within historical averages after peaking last year. As of Q1 2019, around 31 percent of sales closed above list, down from a recent peak of 40 percent seen in Q2 2018.

When examining forward-looking data like pending home sales, new-construction activity and listing traffic, the news for the market overall isn’t stellar. But there are a few bright spots for Chicagoland real estate professionals in particular: The Midwest is proving to be more robust than other regions, and moderately priced homes are still in high demand.

Nationally, existing-home sales finished the month of April some 0.4 percent below last month’s rate and 4.4 percent lower than April 2018. But those same figures looked brighter when researchers zeroed in on Chicagoland.

Metro market prices were up 3.9 percent year-over-year in the first quarter of 2019 nationally, increasing at a slower pace than the previous quarter. But that 3.9 percent gain was matched perfectly in the Midwest, where the median existing single-family home price made it up to $194,100.

As the economy has improved, more Cook County residents may be ready to make the transition from renting to owning their homes. A recent report on housing trends in Chicagoland found that after peaking in 2015, the number of renter households in the county decreased by 20,911 in 2017 while owner households increased by 14,759.