Tag Archives: second homes

Pacaso raises $125M with Softbank-led Series C round

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The company’s model allows multiple parties to co-own luxury second-homes in locations such as Lake Tahoe, Aspen, Napa and Malibu. It operates in 25 markets to date. Continue reading →

Demand for second homes drops for second-straight month

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Second-home demand fell 21 percent in July from the previous year, according to a report released Tuesday by tech-powered brokerage Redfin. Continue reading →

Mortgage boom for second homes takes hit amid new lending rules

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New lending rules and a return to the office may have dented the prolific rise in demand for second-home loans, according to new data. Continue reading →

Second-home startup Pacaso to add markets in North America, Europe

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The company, which offers co-ownership of second homes in 20 U.S. markets, announced plans to expand into Europe, Mexico and Canada. Continue reading →

The future of second-home ownership is bright

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Pacaso co-founder Austin Allison and The Agency CEO Mauricio Umansky talk about the future of second-home ownership as Americans prepare for a new normal. Continue reading →

After buying frenzy, demand for second homes comes down to earth

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New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. Continue reading →

Facing backlash, Pacaso implements changes in NorCal

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The second home co-ownership startup announced it will only buy homes valued at $2 million or more in Napa and Sonoma, and pledged a $20,000 donation to an affordable housing-related nonprofit for each Pacaso home sold. Continue reading →

Thinking of getting into property management? Here’s a strategic approach

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Whether you plan to manage two properties or 100, there’s never been a better time to leverage your experience and contacts to start a high-cashflow business in property. Here’s how you can get started building your property management portfolio today. Continue reading →

Pulse: Readers share their tips for second-homebuyers

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In today’s market, how are agents helping buyers looking to invest in getaway properties? This week, our readers share why working with the right agent — with a well-rounded knowledge of the market — matters. Continue reading →

Fannie, Freddie must curb appetite as demand for second homes soars

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Demand for second homes and investment properties continues to hold steady at more than double pre-pandemic levels, despite Fannie and Freddie being ordered to limit their appetite for loans backed by these types of properties. Continue reading →