First City in California to Recognize Pacaso's Innovative Co-ownership ModelPALM SPRINGS, Calif., July 26, 2024 /PRNewswire/ -- Pacaso , the leading real estate marketplace for co-owned luxury vacation homes, celebrates a significant milestone with the passage of a new ordinance by the Palm Springs City Council. This is the first city in California to affirmatively recognize and regulate co-owned homes, ensuring they are thoughtfully integrated into the community."We are grateful to the Palm Springs City Council for being such great partners and recognizing the value of co-ownership," said Pacaso CEO and Co-Founder Austin Allison. "This milestone sets a precedent for other cities in California. Co-ownership has been a pathway to homeownership for families for generations and is an ever-growing practice that plays an important role in addressing housing supply and affordability issues."Co-ownership, up more than 20% year-over-year , is being embraced as the future of second home ownership. By consolidating home buyers into fewer luxury homes, Pacaso is relieving the pressure of second home demand and unlocking benefits for buyers, owners, and communities. In addition to lowering ownership costs and hassles, Pacaso homes have an almost 90% occupancy rate compared to 11% for traditional second homes."The families who decide to purchase a home together through the Pacaso marketplace have an owner's mindset

The finalist of 2024 Inman Innovator Award include agents, marketers, pioneers, brokerages, and teams pushing the industry forward and raising the bar for the entire real estate community. Post thisInman Innovators push the industry forward and raise the bar for the entire real estate community. They include entrepreneurs challenging outdated norms, agents redefining client communication, marketers revolutionizing how to showcase properties, pioneers of advanced technologies, and brokerages and teams building innovative business models.The finalists for each category were selected by the Inman editorial team following an open call for nominations from around the real estate industry.The winners in 11 categories will be celebrated next month at Inman Connect Las Vegas, along with the announcement of the 2024 recipient of the Nate Ellis Award for giving back to the residential real estate community.The full list of 2024 Inman Innovator Awards finalists are:Innovator of the Year (individual or individuals)Austin Allison , Pacaso, Pacaso Rich Barton , Zillow, Zillow Dan Cooper , Gitcha, Gitcha Damian Eales , Realtor.com, Realtor.com Andy Florance , CoStar, CoStar Josh Jensen , Inspectify, Inspectify Sean Soderstrom , Courted, Courted Carrie Wheeler , OpendoorCompany of the YearMost Innovative Agent or TeamMost Innovative BrokerageMost Innovative Marketing or Branding CampaignMost Innovative Lead Servicing SolutionMost Innovative Marketing SolutionCuraytoriGUIDELone WolfMoxiWorks, ActivePipeRealtor.comShowingTime+Most Innovative Client Experience SolutionMost Innovative Use of Artificial Intelligence (AI)CourtedeXp RealtyLocalizeOSMr. CooperReal BrokerageRestb.aiRocket Homes Product DeliverySidekickSERHANT.Zillow/ShowingTimeMost Innovative Industry PodcastMost Innovative MLS or Industry OrganizationThe Nate Ellis Award (for giving back to the community)Honoree announced at Inman Connect Las VegasThe winners will be celebrated at Inman Connect Las Vegas, July 30 - August 1, 2024 at the Aria Resort & Casino. The winners of Inman's Golden I Award, celebrating distinction in luxury real estate, will be awarded at Inman Luxury Connect July 29 - 30, 2024.Information on Inman's full slate of real estate industry awards can be found at inman.com/awards.Questions about Inman's real estate awards programs should be directed to [email protected].About Inman AwardsInman Awards recognizes outstanding accomplishments across the residential real estate industry with six distinctive categories. Each award shines a spotlight on the most deserving companies and individuals in the real estate industry, as well as in specialties including mortgage and finance, marketing, proptech, leadership, and AI.About InmanInman is the leading news source for real estate agents, brokers, executives and technology leaders who gain useful advice on the industry's top stories, trends and developments that help them grow their businesses and stay ahead of the competition

Chicago, Austin, and Minneapolis Among Top CommunitiesStepping Up to Address the National Housing ShortageSAN FRANCISCO, June 10, 2024 /PRNewswire/ -- Pacaso , the leading technology-enabled real estate marketplace for co-ownership, today released its inaugural Pacaso YIMBY Report. This comprehensive report ranks the metropolitan areas and ZIP codes nationwide that are embracing the "Yes, In My Backyard" (YIMBY) movement, which aims to address the housing crisis by creating a more diverse and plentiful supply of homes.Municipal zoning and building ordinances have historically restricted new housing construction, contributing to a national housing deficit of 2.5 million homes. By identifying regions that are proactively addressing the housing shortage, the report underscores the importance of housing solutions and the positive momentum of the YIMBY movement."When it comes to solving the housing crisis, we need a dual approach: more construction and more efficient use of existing housing stock," said Pacaso Co-founder and CEO Austin Allison. "Communities across the country increasingly are open to innovative solutions, including higher density and co-ownership models that maximize the functionality of available homes. Embracing these strategies will lead to more options for homebuyers and better use of our limited resources."Pacaso analysts worked with MetroSight to determine the ranking of top YIMBY metro areas and ZIP codes. Only previously developed ZIP Code Tabulation Areas (ZCTAs) were included in the study, and only those with substantial housing price and/or stock growth that demonstrated demand were considered as YIMBY candidates