Buying a Home Foreclosure News: Hot home market a blessing and a curse - Yahoo! News

Hot home market a blessing and a curse - Yahoo! News: "Rising home values may be making some homeowners wealthy, but lofty prices are creating a financial strain on many Americans stretching to buy a home.
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Roughly one in eight of U.S. households now devote at least half of their income to housing costs, says a study by Harvard University's Joint Center for Housing Studies. One in three
devote a third of their income to housing, a tad more than banks prefer. (Related charts: What the housing market means to you)
The median price of an existing single-family home rose 7.7% to $184,100 last year, the study said."

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