Vacation home demand near 7-year low due to costs, employer policies
Mortgage-rate locks on second homes were down 47% from pre-pandemic levels in August as market factors have made owning a second home more costly and complicated in the last year
by Lillian Dickerson Sep 14
Pacaso surging through summer on 2nd-home demand
Buyer demand of fully serviced 2nd homes has led the company to pick up a 4th Cabo home, 4 more in America’s mountain-town destinations, and 2 in Southern California, Pacaso said
by Craig C. Rowe Jul 28
How to transform second homes into lucrative short-term rentals
Savvy investors recognize that when your vacation home is empty, it’s just draining your bank account. Here’s how to turn it into a lucrative short-term rental
by Luke Babich Jul 18
Miami Beach formally recognizes Pacaso's co-ownership model
Miami Beach officials passed an ordinance that approves co-ownership but requires the presence of a local property manager as well as adherence to a code of conduct, it was announced in April
by Craig C. Rowe May 9
Pacaso launches luxury home fund for accredited real estate investors
The co-ownership platform is now offering a 2-year, 10% annualized promissory note backed by luxury real estate with investors receiving quarterly interest payments, according to Pacaso
by Craig C. Rowe Apr 25
Lake Homes Realty relocates headquarters amid exec shuffle
Joe Gaeta, formerly of Zillow, and Kiki Wanshura, formerly of Pacaso, have joined the lake markets-focused brokerage. Heather Glass, who joined the company in 2020 has also been promoted
by Lillian Dickerson Apr 11
Pacaso firms up co-ownership union with HomeServices of America
Pacaso’s model gives luxury agents something new to offer clients, as well as opens their representation services to buyers who were once shut out of the traditional second-home market
by Craig C. Rowe Feb 15
Engel & Völkers says hello to Carolina foothills with 3 new shops
Two of the shops will be located in Morganton and one in Nebo, North Carolina. License partners Steve and Polly Leadbetter will lead all three
by Lillian Dickerson Jan 30
The Agency 2022 Red Paper: A softening, but still strong market
'The key takeaway is this,' CEO Mauricio Umansky said of this year's report. 'Housing remains a primary investment for the world’s most affluent citizens and a safe hedge against inflation'
by Lillian Dickerson Jan 19
Pacaso launches low-down-payment option for new second-home buyers
With Pacaso Now, the company is offering a 5% down payment option for a one-eighth share, thereby providing second-home buyers 3 options after 12 months, according to an announcement
by Craig C. Rowe Jan 11
With $4M seed round, Rove launches property marketplace
The 'remote work-friendly property brand' is in beta with a property sales portal, a marketplace, for selling short-term rental properties. Each listing’s financial filings are provided in full detail
by Craig C. Rowe Dec 29
Utah's red rock and Florida's coast: 2022's top second-home markets
Second-home mortgage rate locks were most common in Washington County, Utah, and Osceola County, Florida, according to luxury co-ownership company Pacaso's research
by Craig C. Rowe Dec 23
Pacaso, Realm link up to promote luxury co-ownership
Pacaso on Monday announced a joint effort to integrate luxury co-ownership opportunities with Realm's global network of top-producing real estate agents, the company told Inman exclusively
by Craig C. Rowe Dec 12
Pacaso ventures into New York's Hudson Valley, joins with NevelHaus
Each of NevelHaus' carriage house designs are infused with modernism, characterized by open floor plans and floor-to-ceiling glass openings, meant for simple living
by Craig C. Rowe Dec 7
Boutique transportation services now part of Pacaso owner amenities
Pacaso owners now have elevated access to Alto, a luxury rideshare company, and Surf Air, a membership-based regional airline, to help owners get to, from and around their homes
by Craig C. Rowe Nov 9