I just closed on a condo last March and it took a while to find the right place; so I get your frustration. Just be patient; things in the real estate market. In the meantime, have you taken the first-time homebuyer training for HPAP? Use this time to educate yourself about the homebuying process and find out about all of the resources available to you. FYI, I was trying to stay in the $100-125 range, couldn't find anything decent in that price range. In the end, I bought my condo (brand new) for $184k, I had all of my closing costs covered, so my only out-of-pocket expenses were for my home inspections, earnest deposit and appraisal--about $1200 overall. My mortgage, including FHA insurance and homeowners insurance, is $1036. YOU CAN DO THIS!
Are you dead set on a townhouse or would a condo or co-op be an option for you? As I mentioned in one of your other threads, there are several of those available in DC, well within your price range, and are move-in ready and close to metro and bus lines.
I hope this is helpful, please don't hesitate to contact me for more information!
Hillary Nash McAuley
Exit Elite Realty