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

New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. After a year of frantic activity on the market for second homes, Redfin has found evidence that suggests demand may be starting to normalize for these getaway spots and investment properties. Each month for roughly a … Read more

Facing backlash, Pacaso implements changes in NorCal

Second home co-ownership startup Pacaso has implemented a number of operational changes in response to community members in Napa and Sonoma counties voicing concerns about the company taking over properties in their neighborhoods. In April, Pacaso filed a lawsuit against the city of St. Helena in Napa Valley, California after the city banned the startup’s … Read more

The next big thing in second home sales: co-ownership

It’s not often a real estate agent gets an opportunity to add a new line of business to their portfolio. There are buyers and, well, sellers. While their needs vary, they almost all have one thing in common: They’re buying and selling whole homes. But in the second home market, where most owners use their … Read more

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

Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does the future hold for new second-homeowners and for managers of more robust property portfolios? We’ll explore that and more, all May long, at Inman. Let’s face it: The … Read more

Tampa Bay News