September Home Sales Rose Despite Sky-High Prices

At the same time, the number of homes available to buy at the end of September was down 0.8% from August and 13% from the previous September. That's why many are willing to pay today's sky-high prices for homes -- they want to get in while rates are still affordable. But if you pay a premium for a home now and end up needing to sell it in a few years, you could end up having to take a loss.

Which Homes Can You Afford?