Forbes reports here:
Year-over-year data indicates that price gains are slowing. The median existing-home price for all home types in April was $201,700, 5.2% higher than one year earlier. By contrast, during the first quarter of 2014 the median price for all home types was well above that, at 8.6% higher than one year earlier.
-----------------------------
At that price level the median existing home price becomes affordable only beginning at $77,577 of annual income.
Unfortunately 87% of individual wage earners made less than that in 2012.
