Vacasa Could Get Boost From Home Sales Softness
Photo Credit: A Vacasa property in Venture, California. The company believes a soft home sales market can help it retain homeowner customers. Vacasa
Skift Take
If they can't sell their homes, vacation rental owners tend to stay with their property managers. Making the proverbial lemonade out of lemons.
Talk about a silver lining: The slower pace of U.S. home sales and rising mortgage interest rates may turn out to be a positive for property management company Vacasa.
That was one of six takeaways from Vacasa's first quarter earnings announcement.
Slowing Home Sales Means Less Supply AttritionVacasa expects to increase its roster of managed properties 30 percent to around 48,000 in 2022. One factor — in addition to the hiring of salespeople and portfolio acquisitions — is the recent sluggishness of the U.S. housing market.
That's because when the housing market is hot, homeowners sell their home
