Metro Area Home Price Growth Trend Continues in First Quarter

WASHINGTON (May 9, 2013) – Metropolitan area median home prices continued to rise in the first quarter, with the national gain showing the best year-over-year performance in over seven years, according to the latest quarterly report by the National Association of Realtors^®.  A companion breakout of income requirements to purchase a median-priced home on a metro basis shows the typical buyer earns roughly double the income needed to buy a home in his or her area…. Read More