Home sales in 2017 showed nearly one-quarter (24.1 percent) of buyers paid more than the asking price, netting sellers an additional $7,000 on average over their initial offering price. The share of homes selling above list price has grown

The demand for luxury homes slowed nationally in 2017, a new report from realtor.com shows. While sales in the upper tier remain strong, activity in the overall housing market exceeded the pace of luxury home sales across the country.

Virtual reality is the next revolutionary topic for 2018 in the world of real estate, Coldwell Banker found in a recent survey of 3,000 homebuyers. The new survey, conducted by Harris Poll, showed the desire for VR home tours,

Across the country, both home prices and demand for homes grew in 2017, driven by low inventory. As supply and affordability can be a hurdle for some homebuyers, many are still optimistic about their ability to receive financing even

The number of Americans who feel confident enough to buy or sell fell significantly in December 2017, undoing the previous month’s increase in confidence. According to Fannie Mae’s monthly Home Purchase Sentiment Index, which surveys 1,000 consumers about a

Credit scores among millennial homebuyers declined slightly from November 2016 to November 2017, according to Ellie Mae’s most recent Millennial Tracker report. The decrease in average credit scores of closed loans to millennials was most apparent for FHA and VA loans.

While the number of renters now outpaces homeowners — with about one-third of the country’s population living in rentals — 2017 saw the first year of a slight decline in renting households since 2004, according to a recent report from

The Chicago Association of Realtors announced Michelle Mills Clement as its new chief executive officer. Mills Clement, who is originally from Chicago, spent five years in Seattle, most recently as the president and CEO of the Commercial Brokers Association

The homeownership rate in the U.S. will continue its upward trajectory this year, Trulia recently predicted in its 2018 Housing Outlook Report. This comes on the heels of 2017, when homeownership experienced its first significant increase in 10 years.

Home prices are up both year-over-year and month-over-month, according to CoreLogic’s Home Price Index (HPI) and HPI Forecast for November 2017. From November 2016 to November 2017, U.S. home prices increased 7 percent year over year. Month-over-month, home prices

Chicago has the fifth most-valuable housing market in the country at $821.3 billion, according to a new report from Zillow and Bloomberg. Its value grew 5.8 percent from 2016. The only markets more valuable than Chicago are Los Angeles

Illinois ranked as the sixth-most populous state in the country last year, according to the U.S. Census Bureau’s national and state population estimates. Previously ranked No. 5, Illinois, with a population of 12.8 million, was narrowly edged out by

Jennifer Mills Klatt and the Home Discovery Team have joined the Lincoln Park office of Jameson Sotheby’s International Realty, according to their Facebook page. Mills Klatt and the Home Discovery Team achieved sales of over $100 million in 2016.

Amid low inventory and soaring sales, home prices around the country continued to increase in October, according to the latest S&P CoreLogic Case-Shiller Indices. Prices were up 6.2 percent over last October and up from 6.1 percent in September.

Johnny Carson owned this $81.5-million Malibu home until his death in 2005. Two years later, billionaire film producer Sidney Kimmel purchased it and has now put it on the market for double what he paid. This two-bed, four-and-a-half bath

Some farm! The home of “Charlotte’s Web” author E.B. White was recently put on the market for $3.7 million. Located in Brooklin, Maine, and similar to the farm described in his Newbery Award-winning book, this property offers 44 acres,