Real estate

A Kiryas Joel, N.Y., man was sentenced to 18 months in prison and ordered to forfeit $1.2 million to federal authorities for his role in a mortgage-fraud operation in which prosecutors had charged 15 people in all.

Consumer house-buying power, measuring how much one can purchase based on changes in income and interest rates, fell 2.1% year-over-year, but increased by 1.3% from the month prior, according to First American Financial Corp.

Homes sales for October remained strong in the Greater Cincinnati area, but couldn't quite reach levels attained at the same time last year.

Home prices in 20 U.S. cities rose in September by the most in more than three years, indicating resilient demand at a time of persistently scarce inventory, according to S&P CoreLogic Case-Shiller data.

Urban condo living exists in Cleveland, but the supply is small.

Developer confidence in multifamily production weakened in the third quarter to its lowest reading since 2011, according to the National Association of Home Builders.

Florida's home prices increased during September, while in Texas there was a minimal decline from August, a sign the major storms that hit both states had little impact on values.

Purchases of new homes unexpectedly advanced in broad fashion last month, reaching the strongest pace in a decade and offering an encouraging signal for residential construction.

Home price appreciation continues to increase at a much higher than normal pace, although the rate of growth has been slowing since the summer.

A yearlong, $25 million lawsuit filed against Alachua County's property appraiser, tax collector, clerk of the court and a number of their employees has been thrown out by a judge.

The housing market has been underperforming its potential since May, and October's performance gap was the largest it's been since November of last year, according to First American Financial Corp.

October home sales bested last year's levels, and sale prices continued to rise across Northeast Ohio as buyers sparred over a relatively meager pool of properties.

Built Technologies successfully completed a capital raise, enabling the three-year company to expand its software offerings for both commercial and residential construction lenders.

Faster apartment building was instrumental in pulling the U.S. housing market out of its slump a decade ago. Now, that engine is starting to throttle back.

The median price of an existing, detached single-family home rose significantly in Southern California in October compared with the same month a year ago.

Toronto-area land prices have gotten so high that developers are struggling to build new homes that people can afford.

Long Island real estate prices climbed last month, as buyers got into bidding wars over a dwindling supply of homes.

New-home construction rebounded in October to the fastest pace in a year, partly reflecting recovery efforts in the hurricane-stricken South.

Housing inventory nationwide has declined for more than two years. But in a small number of markets, the number of homes for sale is growing.

Four Texas markets have had the most home price appreciation in the country during the last decade.