Luxury in ’22: Market slowdowns, reality TV, the metaverse and more

Luxury buyers finally decided to take a pause in 2022 as economic volatility shook the market. But despite a market slowdown, luxury companies and agents continued to make interesting moves. Continue reading

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. Continue reading

Pacaso ventures into New York’s Hudson Valley, joins with NevelHaus

Each of NevelHaus’ carriage house designs is infused with modernism, characterized by open floor plans and floor-to-ceiling glass openings, meant for simple living and depicting smart, low-maintenance architecture. Continue reading

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. Continue reading

Park City, Utah City Council votes to limit where Pacaso can buy homes

Legislators declined to label it a “timeshare” company, but approved rules that would set limits on where Pacaso can operate. The vote could set the stage for challenges elsewhere in the U.S. Continue reading

Pacaso unveils sales certification program loaded with incentives

Called the Second Home Specialist Certification, the curriculum will expand agents’ knowledge of the unique nature of selling high-end homes in destination markets including the concept of co-ownership. Continue reading

Pacaso vote could offer roadmap for other opponents of fractional homes

Proposed regulations in Park City, Utah, would restrict Pacaso to areas reserved for timeshares. A vote is scheduled for Oct. 27 and could provide a blueprint for critics in other communities. Continue reading

Pacaso slashes 30% of workforce, citing rising rates and home prices

Pacaso employees impacted by the cuts will be provided severance, healthcare coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday. Continue reading

Pacaso: What it is and how agents can use the second-home platform

Pacaso has emerged as a leading second-home platform in the real estate co-ownership market. Here’s how real estate agents can earn more by selling one-eighth shares in any market. Continue reading

Pacaso co-founders: ‘We’re in the early days of exciting new category’

Pacaso CEO Austin Allison and Board Chairman Spencer Rascoff spoke to Inman about the emergence of a game-changing second-home model on the eve of its launch into a new market in California. Continue reading