Sunday, July 31, 2016

Startup among latest efforts to help teachers afford Bay Area housing

When Wendy Gudalewicz heard about a new startup aimed at helping homebuyers afford down payments, she called her daughter Jamie right away. "You need to check this out," she said. Jamie Carota, an East Oakland renter who teaches science at Itliong-Vera Cruz Middle School in Union City, has been searching intensively for a house in San Jose for about half a year. So far, she says, the process has been "defeating." The 27-year-old has toured over 30 houses in the last eight weeks and scours the real estate website Redfin several times a day. But her husband also works in education, and their salaries put most homes out of range as Bay Area prices continue to rocket to new heights.
from SF Bay Area Living http://ift.tt/2aJaYWC

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