Housing market
Numbers tell part of the story: More Americans than ever want a second home. Our research goes deeper, helping you understand what's driving buyers, sellers and real estate trends.
Study: Pacaso co-owned homes outperform traditional luxury homes
At Pacaso, we focus on curating inviting homes where families can unwind and enjoy memorable experiences together. Part of owning a Pacaso is also having the ability to resell your home. We're often asked about the true value of homes within our co-ownership marketplace. To better understand the financial performance of Pacaso homes compared to traditional luxury properties, we engaged the experts at According to RCLCO’s findings, shares of Pacaso homes have achieved an average Compound Annual Growth Rate (CAGR) of 9.7% — that’s 4.7% higher than traditional luxury homes in these respective markets. This means Pacaso homes have, on average, appreciated more than twice as much as other luxury homes priced at over $1 million in their respective areas by more than double. Owning a Pacaso can offer a return on investment for both one’s quality of life and for potential resale gain From 2021 to 2024, Pacaso homes have outperformed market averages in several of these luxury markets. In Napa-Sonoma, CA, Pacaso shares appreciated by 12.4%, compared to the market's 0.4%. In Malibu, CA, Pacaso shares rose by 9.6%, while the market saw a 2.2% increase. Lake Tahoe, CA, experienced a 9.5% appreciation in Pacaso shares, versus the market's 3.2%. In Vail, CO, Pacaso shares grew by 6.7%, compared to the market's 1.2%. Finally, in Charleston, SC, Pacaso shares appreciated by 7.9%, while the market saw a 2.9% increase. Overall, Pacaso shares have consistently outperformed the broader luxury market. The top 10 markets analyzed are where Pacaso saw the highest historical resale appreciation to date. Pacaso makes the resale process smooth and flexible, empowering owners to sell their share at any time with the help of a resale expert who provides a market analysis. We leverage our pipeline of interested buyers and market the home extensively, resulting in many Pacaso homes having a long waitlist of potential buyers. Due to the ease and value of ownership, many Pacaso owners prefer not to sell. However if they do, we know they often return. In fact, three out of four Pacaso owners who resell their homes express interest in co-owning another Pacaso property in the future. To determine the average returns for Pacaso’s shares in each market, RCLCO used data provided by Pacaso, including the initial offering price, resale prices and sale dates for each share. RCLCO calculated the Compound Annual Growth Rate (CAGR) for each property and then averaged the CAGR for properties in a given market to find the average annual appreciation of Pacaso shares in that region. All data, including the locations shown on maps, were provided by Pacaso. For luxury real estate market returns, RCLCO relied on third-party data from Zillow (or Redfin for Park City). They analyzed transaction data for cities/municipalities where Pacaso homes are located, filtering for properties priced at $1 million or more. RCLCO calculated the average sale price for each year from 2021 to 2024 and then determined the CAGR using the 2021 and 2024 year-to-date prices.
Guide to financial and estate planning
Gain insights from Spencer Rascoff, Co-Founder of Zillow, Pacaso, Hotwire, and leading experts Adam Checchi from Checchi Capital and Brian Gray from Gursey Schneider on financial planning, real estate investing, and the current economic landscape. The discussion covered a range of topics, including key takeaways such as:
Marketplace startup insights
Gain insights from industry experts on the intricacies of marketplace startups in Pacaso's recent webinar hosted by Spencer Rascoff, co-founder of Zillow, Hotwire, Pacaso, and other businesses. Rascoff was joined by Raad Mobrem, CEO of The discussion covered secrets behind successful marketplace ventures, with both leaders sharing firsthand experiences. They explored how their mission-driven companies are democratizing access – to experts and advisors for Intro, and to vacation homes for Pacaso. Check it out below.
Are homebuyers springing into action this season? Here’s what we know.
I’m Austin, CEO and co-founder of As spring unfolds across the nation, the housing market is seeing a gradual increase in both inventory and transactions — a potential easing of the competitive landscape for home buyers. But while homebuyer demand is gaining traction affordability remains a challenge due to rising home prices and near-7% mortgage rates. Because of this, buyers are exploring innovative solutions like co-ownership, which saw a 1. Slow but steady increase in inventory and transactions According to This gradual uptick in inventory is a promising indicator of sales transaction volume in the coming months, offering buyers more options to shop from. However, we anticipate a similarly slow, but steady increase in transactions. According to the However, buyer demand shows signs of picking up with mortgage applications increasing 6.2% in March 2024 compared to last year according to 2. Homebuyer demand for new construction heats up The 3. Home buyers should get comfortable with near 7% rates this spring While mortgage rates declined at the end of last year, they have since returned to above 7%. As of April 17, the average rate on 30-year fixed-rate mortgage rate was at a five-month high of 7.43%, according to At Pacaso, we offer co-owners innovative financing options. Currently, 50% of our “Available now” Pacaso homes are eligible for buyer financing at 5% or less with assumable mortgages. 4. Home prices continue to rise Despite slowly increasing, the low inventory of homes for sale has placed significant pressure on prices, resulting in above-average monthly appreciation. According to 5. Housing affordability hurdles persist Rising home prices continue to pose a significant hurdle for potential buyers. A recent To combat affordability challenges, buyers are exploring innovative solutions like co-ownership. Pacaso's inaugural In response to evolving market dynamics, Pacaso has recently undertaken a nationwide expansion of our listings to appeal to a broader audience, with listings now starting at $200,000. Additionally, we have introduced The initial response has been overwhelmingly positive. We've witnessed an increase in first-time app sessions and unique home details page views, along with a 265% surge in home searches on our website. Moreover, more prospective buyers are following homes and showing interest in new listings. We’ve received buyer interest and deposits for properties in destinations like Steamboat Springs, Colorado; Big Bear, California; Park City, Utah and Alys Beach, Florida; Cabo, Mexico and We'll continue to check in with updates, and encourage you to contact us with any questions about a market of interest.
Forecasting luxury travel trends for 2024
Step into the world of luxury travel and embark on a journey of discovery as we explore the latest insights from industry pioneers Spencer Rascoff and Indagare Founder Melissa Biggs Bradley. Traveling to your favorite destinations or experiencing new places is not just about the adventure; it's about creating lifelong memories. In Pacaso's recent webinar, Spencer and Melissa shared their expert insights into the evolving landscape of luxury travel.From emerging destinations to cutting-edge experiential travel experiences, the discussion delves into what's hot and what's next for discerning high net worth individuals. Key takeaways from the webinar include:
Co-ownership growth report: How rising rates and home prices propel a surge in shared buying solutions
Discover the leading counties for co-ownership growth Timed to Valentine's Day, we unveil the Co-Ownership Growth Report which reveals the top ten counties with the most significant annual increases in co-ownership home transactions, along with their corresponding year-over-year Home Price Index (HPI) growth across Core Based Statistical Areas (CBSAs). The results? Cuffing season has a whole new meaning: Non-married partners are coming together to combat rising prices across rural and urban markets. "For those eager to enter the real estate market, high barriers to entry such as high home prices and high mortgage rates often prevent people from making a home purchase. Co-owning with friends or family offers a solution to lower that barrier and provides a hack for the current affordability crisis sweeping the nation. In our recent report, we affirm that in regions experiencing the highest co-ownership growth, there has also been noteworthy year-over-year growth in home prices,” said Pacaso CEO and Co-Founder Austin Allison. The findings highlight a link between rising home prices and the upswing in co-ownership, evident in the positive correlation between the year-over-year Home Price Index (HPI) percentage change and co-ownership percentage change. On average, counties experienced a 6.8% HPI growth and a substantial 21.1% co-ownership growth. This trend extends beyond regional borders, with robust co-ownership growth observed in diverse states such as Virginia, Colorado, Minnesota, Utah, and more. Furthermore, the surge in co-ownership is not confined to specific urban or rural housing markets, underscoring its widespread and inclusive presence in the real estate landscape. “Rising home prices present a significant challenge for Americans, and there are two key solutions to addressing it: creating additional inventory and making better utilization of existing housing supply. The latter involves co-ownership and our data suggests that family, friends, and non-married partners are leaning on co-ownership to combat affordability challenges. Just as carpooling reduces traffic congestion, co-ownership offers a more sustainable way to own a home,” continued Allison. In its Co-ownership growth, top ten counties To determine the top co-ownership markets, Pacaso analyzed the year-over-year growth in co-ownership transactions across the United States and their corresponding CBSA HPI. Here are the 10 U.S. counties that saw the biggest increases: Virginia is for lovers and for co-owners Virginia takes the lead for the state with the greatest growth in co-ownership transactions year-over-year. Multiple counties in Virginia, including Stafford, Hernrico, Fairfax, Greene, Martinsville, and Suffolk, consistently show high year-over-year co-ownership percentage changes, suggesting a potential regional or local housing market trend driving increased co-ownership. "As major companies relocate to Virginia and bring new talent and resources to the region, we're witnessing a surge in home prices, highlighting the area's growing appeal for co-ownership. With Amazon establishing a second headquarters and aerospace and defense giants like Boeing, Raytheon, Northrop Grumman, and General Dynamics moving offices to Virginia, it's evident that the state is a hub for innovation," continued Allison. "The data suggests that perhaps new tech talent and friends are bunking up to combat the region’s rising prices." Stafford County experienced a notable surge in co-ownership home transactions, with a 28.3% increase, along with a more than 4.3% rise in home prices. Located 25 miles south of the Washington, DC Beltway and 50 miles north of Richmond, Virginia, Stafford County is home to Marine Base Quantico, the FBI Lab/Academy, and NCIS. With its abundance of trails, rivers, wineries, breweries, and close proximity to the Nation’s Capital, Stafford offers a unique blend of suburban and rural living, coupled with historical significance. Notably, one of Stafford's most famous residents was George Washington, who resided here as a youngster from the ages of six to nineteen. Among the Virginia counties witnessing substantial co-ownership growth, Martinsville County, Virginia, experienced the largest home price increase year-over-year at 20.3%. Located in Southwest Virginia, Martinsville is well known for the Martinsville Speedway and NASCAR racing, as well as nearby rivers, lakes and mountains. Wild west real estate boom Morgan County, Utah, witnessed the most significant surge in co-ownership, with an impressive 42.7% year-over-year increase and a 3.4% uptick in Home Price Index (HPI). Morgan, Utah has garnered increased popularity since late 2021, attributed in part to the introduction of Wasatch Peaks Ranch, a sprawling 12,700-acre ultra-luxury private ski resort. Situated just 35 minutes from downtown Salt Lake City, the Ranch encompasses 3,000 acres of skiable terrain. Co-ownership spreads across Midwest Two Midwest states, North Dakota and Minnesota, have earned spots on the list of counties experiencing significant co-ownership growth. Cass County, North Dakota, experienced a 21.1% growth in co-ownership year-over-year and is the most populous county in North Dakota. It is home to Fargo, the state's most populous city and county seat. Dodge County, Minnesota, saw a 16% increase in co-ownership. The county neighbors Rochester, Minnesota, which is home to Mayo Clinic’s national headquarters and Rochester campus. According to a February 2022 Love has no limits, neither does co-ownership The data reveals that the top ten counties and the growth of co-ownership is not confined to a specific region, as evidenced by growth in co-ownership across states such as Colorado, Minnesota, North Dakota, Utah, and Virginia. The co-ownership growth is also not confined to a specific urban or rural housing market. While the East Coast state of Virginia saw the most significant year-over-year growth, counties across the nation experienced a rise in co-ownership. Out west, representation comes from places like Weld County, Colorado, which saw a 14.8% surge in co-ownership. Weld County, located just 44 miles from Denver, is home to one of Colorado's newest ski areas, 'Hoedown Hill,' situated on county farmland. Pacaso identified the leading co-ownership markets by choosing the 10 counties with the highest year-over-year growth in co-ownership transactions from the end of year 2022 to end of year 2023. The definition of co-owned homes in this context encompasses transactions involving various vesting codes and parties as determined through ownership names in public record data, including domestic partners, joint tenants, tenants in common, and excludes married couples. The report also highlights the year-over-year growth in Home Price Index (HPI) from 2022 to 2023, analyzing the change in home price across Core Based Statistical Areas (CBSAs). Data was provided by real estate analytics firm First American Data & Analytics and includes a sizable share of the market that is taken to be representative of the whole.
Webinar: The magic behind Pacaso's SmartStay™ technology for scheduling
This on-demand webinar answers all your questions about Pacaso's luxury vacation home scheduling. Michael Botefuhr, Regional Sales Manager, East, and Dan Pinciotti, Director of Engineering, reveal the magic behind our SmartStay™ technology and how Pacaso makes scheduling easy, flexible and equitable. Dan and Michael covered a range of topics including:
2023's most buzzworthy vacation destinations
The United States is full of great While certain locations saw an uptick in Spoiler: The country has California top of mind. Favorite destinations for big-city dwellers Before diving into individual city findings, we’ve highlighted some key takeaways that represent the trends of second home seekers on a national scale. The data show where major city residents overwhelmingly desire to vacation or own a vacation home. All roads lead to California Turns out, the West The top California vacation destinations are: These five destinations garner nearly 73% of all second home interest nationally and make up half of the top 10 destinations. Even city dwellers as far away as Chicago and New York City appear willing to travel across the country, as each has four California locations in their ranking of top vacation destinations. Palm Springs is the #1 dream destination When it comes to the top vacation destinations, Palm Springs, California, reigns supreme for second home seekers. Californians want to drive to their favorite destination An impressive 90% of the top 10 destinations for California cities can be reached within an eight-hour drive. Los Angeles residents appear to be the most willing to venture farther away, with two top destinations — Park City and Aspen — taking more than 10 hours to reach by car. Denverites are the next most likely residents to want destinations within driving distance, with five cities being reachable in under eight hours. Miami follows closely behind, with four top destinations being reachable by car. All other surveyed cities had two or less of their top destinations within reasonable driving distance. Los Angeles residents They say you need to have a car to get around Los Angeles, and residents apparently feel the same about getting to their most desirable second home locations and top vacation destinations.
Eight of Los Angeles residents’ top vacation destinations are within the state, and five of the destinations take just a couple of hours to get to by car. The only two destinations outside the state — Unlike Los Angeles, New York City’s top vacation destinations for second homes are scattered across the country. New Yorkers showed interest in five different states, all far from home. The top two rankings are held by cities in Florida, while cities in California hold the most rankings with four. The closest destinations to New York are Charleston and Chicago residents Chicago — conveniently located for travel to the East and West — has the greatest number of states in their top 10 list with six. Seven percent of respondents expressed interest in Palm Springs. While Chicago has snowfall of its own, its options for ski resorts are lacking. Nearly 13% of Chicagoans identified the popular ski hubs of Lake Tahoe, Park City and Aspen-Snowmass as areas of interest. Dallas residents Dallas residents appear to prioritize mountain getaways as their favorite vacation spots above all other traits. Five of the top 10 destinations are located in the mountains of California, Colorado and Utah. These five cities combine to make up 29% of all second home interest coming from Dallas. San Francisco residents Nine of San Francisco’s top 10 favorite vacation spots remain in California. Unsurprisingly, the top two rankings are held by Park City, Utah — the lone outlier — snuck in at number nine with around 3.2% of the interest. Along with Lake Tahoe, these are the only alpine destinations in the top 10 that San Franciscans identified. Miami residents Miamians keep their second home interests close to home, with their own city taking the top spot of their prospects. Even the second rank is held by their close neighbor to the north, Fort Lauderdale. Combined, they make up 24% of total responses coming from Miami. Miami is the only city to show enough interest in the San Jose residents All 10 of San Jose’s dream vacation destinations are within California. The familiar favorite — Lake Tahoe — once again takes the top rank, receiving 15% of interest. Napa Valley garnered the second most interest, but still trailed by 5%. Residents of San Jose have an affinity for keeping their second homes within easy driving distance — five of their top 10 favorite vacation spots are less than three hours away. Denver residents Four of Denver residents’ top 10 desired destinations are found in Colorado, making up 24% of total interest. Denver gives Denverites show a preference for alpine environments. All of the Colorado destinations are acclaimed for their ski mountains. Plus, Lake Tahoe and Park City — also included in the top 10 — are world-class ski destinations in their own right. Atlanta residents Atlanta upholds the trend of wanting second homes that are near rather than far. Four of the top five destinations are on the East Coast of the United States. These cities make up nearly 27% of Atlanta’s overall interest gathered from this study. From there, eyes shift westward. California maintains heavy interest, with four of the top spots. These cities stretch from Seattle residents Seattle is the only major city outside of the state of California with the majority of their top vacation destinations within California. Seattle residents don’t seem put off by long distances to second homes, as their dream vacation spot — Palm Springs — received nearly 16% of interest. The next highest ranked city only had about half that amount The closest destination to Seattle to make the cut was Houston residents Houston residents want to take advantage of their centralized location and explore cities to the west, north and east. Their top 10 includes destinations in California, Colorado and Florida. Their interest in each location remains relatively close — ranging from nearly 7% for Lake Tahoe to 4% for Oakland residents Rounding out our study, Oakland maintains the trend of California cities exhibiting a preference for California destinations. Park City is the only destination in the top 10 that’s located outside of the state. Even so, it only garnered just over 3% interest, barely beating out Destinations in Northern California are also decisive favorites. Lake Tahoe claims first place, receiving nearly 14% of interest. Napa Valley claims second place with 11% of interest. As a whole, results for Oakland closely mirror those from San Francisco. Comparing these trends from major cities across the country provide a greater perspective of the Our methodology The results of this survey were collected between January and October 2022 from a total of 29,791 respondents interested in buying a second home. Pacaso compiled data from destination preferences provided by website visitors, subscribers, social media audiences and other users engaging with the Pacaso brand across various channels.
Study: 100 most relaxing places to visit in the U.S.
The United States has no shortage of great vacation destinations to choose from, but if relaxation is your top priority, then certain cities stand out above the rest — especially if they’re easy to travel to. Whether you prefer the Why visit a relaxing destination? When life gets a little hectic, it’s essential to make time for yourself. Escaping to a new place can help you recharge and feel happier in your day-to-day life. A relaxing destination is one that offers the space, activities and attractions you need to reset, relieve stress and get away from it all. In this study, we looked at destinations with the highest number of top-rated parks and spas, levels of noise pollution and air quality, crime indexes and walkability to get a full picture of what each city is like. These factors contribute to the ease of finding comfort and feeling refreshed in a new city. After combining those factors, we curated a list of the most relaxing places to visit in the United States. 20 most relaxing places to visit Peruse these locations, choose your most zen destination, then get packing — whether it’s for a one-time relaxing getaway in a 1. Alexandria, Virginia Next door to the nation’s capital, Alexandria wears the crown as the most relaxing place to visit in the United States. With two major airports nearby and multiple train lines into the city, it’s easy to get there, and the free public bus system is a convenient way to get around while you’re visiting. The city has about 950 acres of green space and 30 recreation centers to help its residents and visitors de-stress. The The historic 2. Boulder, Colorado Only 25 miles northwest of Denver, Boulder is the peaceful alternative to the congestion of big city life. Nestled near the foothills of the Rocky Mountains, Boulder can provide the necessary fix of nature you need to feel rejuvenated. The nearest major airport is almost 50 miles away. While that may add an extra hurdle for out-of-staters looking for a If your idea of relaxation still requires a bit of activity, the surrounding area offers world-class rock climbing routes of varying difficulty. Boulder has also been featured on other top-city lists like AARP’s 3. Madison, Wisconsin People are starting to recognize the many advantages of living in Madison — which may be why it's the fastest-growing city in Wisconsin, according to the 2020 census. The city has the Recreational enthusiasts have a variety of year-round options. The many state trails are used by bicyclists in the summer and cross-country skiers in the winter. Madison's five surrounding lakes — Mendota, Monona, Waubesa, Kegonsa and Wingra — allow you to spend time sailing or ice fishing, depending on the season. The Dane County Farmers Market is the largest producer-only farmers market in the country, satisfying all your fresh produce, meat and cheese needs in an open-air environment. 4. Clearwater, Florida Situated next to the Gulf of Mexico, Clearwater has all the sun and sand your inner beach bum can hope for in a vacation spot. Tripadvisor ranks Clearwater Beach as one of the Clearwater is close to two international airports, making it a convenient destination for To further simplify travel, the Clearwater Ferry allows you to bypass traffic and parking hassles at multiple locations throughout Pinellas County. 5. Charleston, South Carolina Charleston has a thriving tourism industry that often puts it at the top of city rankings. In 2016, Travel + Leisure named it the For starters, it has the Visit one of Charleston’s many top-tier spas to be surrounded by a relaxing atmosphere while receiving body treatments or massage therapy. Or spend the day at a golf resort to receive your daily dose of vitamin D and physical activity. But it’s not only the activities that will help you to relax — Charlestonians can also help you to decompress. Southern Living named 6. Tampa, Florida Our second Florida destination is the third-most populated city in the state and a neighbor to Clearwater. Tampa visitors benefit from some of the accommodations one would expect in a big city while retaining the leisurely spirit of a relaxing destination. Enjoy sunny waterfront views along the 2.5-mile Tampa has over 30 top-rated spas to keep your body loose and your mind free, plus 2,286 acres of beaches and parkland for lounging to your heart’s content. 7. Virginia Beach, Virginia Virginia Beach, our second relaxing destination in Virginia, has less of the relaxed professionalism of Alexandria and more of an East Coast surfing vibe. This oceanfront city is well-known for its resorts, with hundreds of hotels filling its coast. Virginia Beach is in the Guinness Book of Records for the The city is served by two international airports for ease of access. Although the city has the lowest walkability score out of our top ten cities, it has comprehensive bus and train services to ease travel during your stay. 8. Providence, Rhode Island Providence is one of the most densely populated cities in the country, which helps explain why it has the highest walkability score among our top 10 cities. At one time, the city boasted the eighth-highest percentage of pedestrian commuters in the country, making it the perfect vacation spot for visitors without cars. The city has roughly 1,200 acres of parkland. It was one of the first cities established in the U.S., so it is teeming with historical buildings that are prime for a walking tour. 9. Pittsburgh, Pennsylvania Pittsburgh regularly ranks high in lists of the most livable cities — and many of those livability factors also make it one of the most peaceful places to visit in the U.S. The city has a great mixture of urban density, making it easy to get around, while also having spacious neighborhoods and parkland to offer mental release. Pittsburgh’s inland location means it faces little risk of natural disasters in the form of hurricanes, earthquakes, tornadoes and wildfires. This provides stability to the businesses in the area and the families that visit it. 10. Honolulu, Hawai’i Branching away from the continental U.S., we find our final top 10 city in Hawai’i. The state’s largest city, Honolulu, is complemented by beautiful tropical weather, serene beaches and breathtaking natural beauty. The city received up to 15,000 visitors per day pre-pandemic, so it is well-equipped to accommodate your dream vacation. Whether you are a land or water lover, Honolulu has something to offer, from playing golf to snorkeling in the stunning The city currently lacks a train network, but it ranks among the highest in per-capita bus use in the country. 11. Scottsdale, Arizona Surrounded by the stunning beauty of the Sonoran Desert, Scottsdale is a popular getaway for those chasing the sun, and has a vibe that’s all its own. The heart of Scottsdale is its historic Scottsdale is also a prime wellness destination, with over 50 luxury resorts and day spas, most of which offer desert-inspired treatments to help you clear the mind and re-energize the body. 12. Huntington Beach, California Known as the “Surf City,” Huntington Beach is an evergreen vacation destination, thanks to its sunny weather and 10 miles of pristine coastline. You'll have After a day of frolicking on the beach, try some fresh coastal seafood, or experience the California classic In-N-Out Burger. With Huntington Beach’s many hotels, restaurants and overall relaxed vibes, you’ll easily find a spot to recharge and reset in this Southern California beach town. 13. Raleigh, North Carolina Long known as a “city in a park,” Raleigh attracts visitors with its lush wooded scenery and variety of options for outdoor recreation. You’ll find more than When you need a break from relaxing in the outdoors, Raleigh also offers an outstanding arts and culture scene, thriving music scene and renowned culinary options for all foodies. Get lost in the downtown area’s beautiful 14. Miami, Florida Known as the “Magic City,” Miami delivers good times year-round with its fabulous weather — temperatures rarely fall below 70 degrees. Sunny days, however, aren’t the only thing that make Miami a relaxing destination. Miami’s laid-back vibes, diverse neighborhoods and exciting entertainment scene make it the perfect place for much needed R&R. Kick off your adventure at South Beach, where you’ll discover pristine white sand beaches, al fresco dining and trendy bars. Or head into the 15. Carlsbad, California Located in North San Diego County along the Pacific Ocean, Carlsbad is a magnificent getaway offering California’s charming coastal lifestyle. The up-and-coming city is graced with mild year-round weather, offering an idyllic setting for you to relax during your next vacation. Luckily, Carlsbad offers limitless rejuvenating activities. Get an energizing mud facial at the 16. Bend, Oregon Bend The Central Oregon city of Bend is a haven for outdoor enthusiasts and recreation seekers alike. Located only 20 miles from Whether you’re looking for an extended break or a quick 17. Henderson, Nevada Located just 20 minutes from Las Vegas, Henderson is the second largest city in Nevada and offers a relaxing alternative to the high energy of Sin City. Henderson is home to unique museums, culinary experiences, a vibrant beer and wine scene, and natural beauty. You can enjoy a scenic bike ride along the River Mountain Loop Trail, see lions at the 18. Springfield, Missouri Famous for being the origin of the U.S. Highway 66, Springfield is an ideal destination for a rejuvenating road trip. Considered the Gateway to the Ozarks, the region offers many natural attractions like the When you head to the city itself, there’ll be even more for you to see, from the historic 19. Wilmington, North Carolina Home to roughly 120,000 residents, the port town of Wilmington is big on Southern charm and history. Explore the The almost two-mile 20. McKinney, Texas While McKinney is less than 30 minutes from downtown Dallas, its atmosphere is all its own. Frequently rated as one of the country’s most livable cities, McKinney offers a charming historic downtown, a plethora of lush trails and acres of vibrant vineyards. It also has a low crime rate, making it a safe place to relax and rejuvenate. In addition, McKinney is known for having some of the best culinary experiences in Northern Texas, including wineries and farm-to-table restaurants. After a satisfying meal, you can browse the city’s elegant boutiques and specialty shops, discover local artwork, catch a show at the The 100 most relaxing places to visit in the U.S. There are many other relaxing places to visit in the U.S. that did not make our top 10. Explore the rest of the cities that round out our top 100 relaxing vacation destinations for more ideas on where to visit — or If your primary goal for a vacation is to have quality time to unwind and enjoy relaxing vibes, then consider visiting some of the cities unearthed in our study. Spending time in these relaxing places will have you recharged and ready to take on your daily life. Many of these cities make great locations to plant permanent roots with a Our methodology This study was conducted in April 2022. To determine the most relaxing places to visit in the U.S., we compared six ranking factors across a sample of mid-size cities in the U.S. (populations ranging from 100,000 to 500,000 people), sourced from the Our ranking factors were used to determine how relaxing a city is and how easy it is to visit. They included and were assigned a weight out of 100 as follows: Each city was then given a score based on these factors and assigned an overall ranking. The cities with the highest scores were deemed the most relaxing places to visit in the U.S. Our data was sourced from Tripadvisor, Google Maps, AirNow.gov, City-Data.com, Walk Score, and the National Transportation Noise Map.
A look into capital markets in 2024
Gain insights from industry experts on the latest in capital markets and what’s to come in tech in Pacaso's recent webinar hosted by co-founder and former Zillow CEO Spencer Rascoff. Jane Dunlevie, Global Head of Internet Banking, and Danielle Freeman, Managing Director, Equity Capital Markets, from Goldman Sachs joined Pacaso co-founder, former Zillow CEO, and Goldman alum Spencer Rascoff. Together, they discussed the 2024 capital markets outlook, explore IPO windows, and analyze the current landscape of tech stocks. A few key takeaways included: Click
Navigating 2024: 7 insights from Goldman Sachs economists
I’m Spencer — entrepreneur, angel investor, business leader, co-founder and chairman of Pacaso. I recently had the privilege of attending a meeting with Goldman Sachs economists who shed light on the global economic landscape and market dynamics for 2024. Here are the key takeaways from the meeting that could impact your decision-making process: 1. There are stark economic contrasts between the U.S. and U.K. While the US GDP forecast for 2024 stands at a robust 2.5%, the UK faces a more modest prediction of 0.6%. The disparities highlight potential opportunities for smart investments on American soil. 2. Don’t count the U.S. economy out. The U.S. economy outperformed expectations in 2023, growing at 2.4% instead of the projected 1.2%. This unexpected 3. A recession is likely not on the horizon. Goldman Sachs forecasts a recession risk of only 15-20% for the U.S. in 2024. Factors like strong labor growth, robust personal consumption and controlled inflation contribute to this confident outlook. Last week’s 4. Interest rates should fall, but remain in flux. Goldman Sachs predicts four 25 bps interest rate cuts by the federal government in 2024, with the first anticipated in March. While this forecast is debated among experts, and might be a bit early, it's a crucial factor to monitor, as it could impact mortgage rates and overall housing affordability. 5. Optimism for the market should be cautious. Expectations for the S&P 500 in 2024 show a +6% return, considerably lower than the previous year. This is attributed to 7% earnings growth and a 2% multiple contraction. The focus on fundamentals is key for potential investors. 6. Market dynamics are shifting within tech. The eight largest high-growth tech companies (Meta, Amazon, Google/Alphabet and the like) trade at 28.6x earnings, while the remaining 492 S&P 500 stocks trade at 17.5x. Interestingly, Goldman Sachs is more bullish on the 492 companies, emphasizing a potential shift in market dynamics. 7. The stock market gets juiced during the fourth year. Historical data reveals a notable trend: in every year four of a president's first term since 1946, the stock market has not only gone up 100% of the time but has also seen an average increase of 12%. This strength is attributed to various theories, including political maneuvers that benefit both the incumbent and the market. As you think about the prospect of a second home investment, staying informed about the ever-evolving economic landscape is paramount. These insights from Goldman Sachs offer valuable perspectives to guide your wealth strategy. Want to learn more? Join me on Feb. 13 for a
PacasoNow: How to own a luxury vacation home for less than a rental
Madeleine Hurd, Pacaso's Sr. Director of Revenue Operations, shares how you can enjoy a luxury vacation home for 12 months through PacasoNow. Discover all the benefits of Pacaso, and learn how you can make lasting memories for less than the cost of a luxury rental. You'll get a sneak peek of the exclusive homes, and all the benefits – from top-notch amenities, guaranteed availability, and professional property management and no long-term commitment. The webinar covered a range of topics including:
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