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.The median existing single-family home price rose in 133 out of 150 metropolitan statistical area

via Metro Area Home Price Growth Trend Continues in First Quarter of 2013 |