If you want to buy before you're really shut out of that price point, find a realtor like myself who specializes in that niche, get a loan pre-approval so you're ready to submit an offer that will be taken seriously when you do find the right property, and make the process a priority. You have to be realistic as well. I've been telling clients for two years that the under-400k price point for 2 BRs and 1+Dens in the desireable areas of DC were disappearing. Some jumped and are living in great condos now, and others dragged their feet and are now distressed to find that product nearly impossible to purchase. It can still be done but you need to work closely with a professional who spends all their time in that sector of the market. Make the commitment and make it happen. Good luck!
I have searched for a 2BR/2BR in Washington DC for 350K for the last one year and am almost giving-up. I don't want to leave in NE, SE, SW or the suburbs. Am I searching for the impossible or are the prices in DC so high - I have to give up