The double-digit year-over-year gain is the largest tracked by NAR since November 2005 when the median price jumped 13% year-over-year.

FORBES: Homes Sales Begin To Slip As Buyer Demand Outpaces Supply

The double hit prompted bank executives to look for new revenue ideas that could be fast-tracked because the outlook for the bank's consumer operations was so bleak, said one person familiar with the planning.

WSJ: Bank of America Weighs New Set of Fees