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[quote=Anonymous]Thank you all!
We've been looking into Burke, Fairfax, W Springfield, Fairfax Station, South Run, parts of Clifton, Annandale west of 495 (though this last one is harder since Woodson premium makes same homes about 50-100k higher priced than their counterparts in the rest of the area). 
I get those of you who say I am dreaming.  Here is my dilemna (and hence the post): Until about 2-3 months ago, our budget would have gotten us pretty much what we hoped for where we wanted to be.  I checked all the sales, and drooled over some houses sold in the 750-800 range. For the suburbs in DMV with the exception of very close in areas and most desirable school pyramids, over 800k hasn't been exactly a starter home budget. Combination of crazy market, rising interest rates and extremely low inventory pushed these areas into uncharted territory espcecially in the last couple of months (like many other places). 
I saw this week some super overpriced homes sitting (meaning not in contract in under 24 hrs): priced at over 850k, not updated, or horrible quick flips in parts of the home. But they will be snatched too, because there is nothing else in the market. But it just gave me maybe some hope? 
So knowing all of that, we're trying to decide: 
a. Should we buy a smaller home (not updated is not an issue) at these prices right now
b. Hope for the market to adjust in the next 1-2 months (or even 6 months?) just enough with more inventory and higher rates, and hope to buy where we want then
c. Consider moving to Eastern Loudoun or similar for a bigger ready to move in home, but face commute on 66/7 etc and not being in our preferred school districts.

It is a personal decision, yes, but it has a lot of rational components too, and surveying others help, hence DCUrban ;)

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