Pacaso, Engel & Völkers partner to formalize co-ownership model

Luxury real estate brand Engel & Völkers and second-home co-ownership platform Pacaso have formally partnered to promote the sale of homes branded as co-owned luxury properties. Continue reading

Home affordability erodes at fastest annual pace since 2004

Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately. Continue reading

How luxury clients may be impacted by Biden’s wealth tax proposal

The “Billionaire Minimum Income Tax,” as outlined in Biden’s proposal, would require households worth more than $100 million to pay a tax of at least 20 percent on both their income and any unrealized gains — including real estate. Continue reading

Trump appears at Cardone event, hints at future presidential run

Trump’s surprise appearance took place at the 10X Growth Conference in Hollywood, Florida. Continue reading

Transactly expands Connect brand with second acquisition of 2022

A little more than a month after acquiring utility connection company Cake, transaction technology company Transactly has acquired 360 Home Connect to further expand its Connect brand line of services. Continue reading

London Calling: Shares in Mayfair luxury penthouse now available from Pacaso

London has become Pacaso’s first UK-based luxury home market, its second in Europe after launching its overseas operation in Marbella, Spain, in late 2021. Continue reading

Single-family rental management firm Poplar Homes lands $53M

Poplar Homes, a technology-driven property management company for investors and landlords of single-family rentals, raised $53 million in a round of Series B financing. Continue reading

RentPath rental listings go live on Redfin’s real estate portal

For the first time, Redfin users will now be able to search the Seattle-based brokerage’s online listing portal for homes and apartments for rent, it was announced Wednesday. Continue reading

Near-record home price growth persists, but slowdown underway

Home prices were 19.1 percent higher in October than the same time last year — a near-historic rate, but slightly lower than recent months, according to new S&P CoreLogic Case-Shiller index. Continue reading