Higher prices ‘choke’ housing

It may seem counterintuitive, but fast-rising home values are the biggest negative in today’s housing recovery. After an epic plunge in prices following the financial crisis, the thought was that rising home prices were a sign that all would be well again soon. Now, two new reports point to weakened affordability as the primary barrier to more robust home sales.

Video: http://www.cnbc.com/id/101602353