There is a nice choice of 1 bedrooms downtown near the PATH for under $330,000 asking, like one on 2nd and Willow with a terrace for $339,000, a nice one on 2nd and Jefferson asking $315,000, 2 on 5th and Bloomfield for $313,000 and $323,000, one on 2nd and Bloomfield for $289,000! There are others too all around town and if you go west you'll find some great places at great prices. Rates just crept up as was much anticipated by better than expected results in the economy and hopefully they'll stay stable and not go back up again. But if you're on the fence I would keep an eye on rates and in the meantime get a rate lock now, this might be your chance while rates remain low.
Feel free to reach me if you want to a referral to a mortgage representative you can contact for some advice and to answer questions. Happy home search!