Insights for agents: 4 things that motivate second homebuyers

To help agents advise their clients, Pacaso compiled its 2022 Second Home Attitude Report to look at the trends, preferences, and attitudes that buyers have when deciding to buy a second home. Continue reading

In tug-of-war between New York and Florida, the boss may have final say

Homeowners who fled Manhattan to Florida during the pandemic are responding to pressure from employers to return to offices in New York. Faced with sun and sand, some aren’t ready. Continue reading

Ember moves to allow owners to use shares as short-term rentals

Ember Flex represents a shift for the co-ownership startup, which sells one-eighth shares of luxury homes in vacation markets across the West Coast. Continue reading

Demand for vacation homes slips below pre-pandemic levels

Mortgage locks for second homes fell 4 percent from pre-pandemic levels in May as mortgage rates rose to nearly 6 percent and the housing market continued to cool, according to data issued Friday by Redfin. Continue reading

Social media pours salt in Zillow’s wounds as homes are swept to sea

Rising sea levels have swallowed multiple homes on the vacation hotspot known as the Outer Banks, including 2 this week. On Twitter, the calamity was used as a cudgel against Zestimates. Continue reading

It looks like the pandemic vacation-home boom is coming to an end

Demand for vacation homes dropped sharply in March — the second straight month a decline was recorded as mortgages ramped up above 5 percent, according to a new analysis by Redfin. Continue reading

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