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How Low Will We Go?

This weekend's real estate story for the Post is about how low the low inventory really is in this town. There's been a few statistics published about how few houses are on the market compared to years past, but the real crunch is in the $400,000 segment of the market. One couple made eight offers and it wasn't until their ninth try that they finally scored a one-bedroom condo. As the article states, you have to "adjust your price range up slightly and [your] aesthetic expectations down." [WaPo; previously]