THIS IS A CRISIS

WELCOME 

Be the Buffalo

Happy Wednesday, everyone! There’s an awful lot going on, isn’t there? As anyone who’s been part of the conversation about what’s happening in real estate right now, it’s clear that we’re in crisis mode. 

But what do we do about it? That is the topic of today’s newsletter.

A good shortcut to consider when y’all find yourselves in the eye of the storm is to remember the buffalo and the cow. When a storm is on the horizon, cows instinctively move away from it. Sounds like a good idea, right? Wrong. The cows move too slowly, so the storm overtakes them—they’re perpetually getting caught in it. The buffalo, on the other hand, they run toward the storm, facing it head on. What ends up happening is by confronting the storm, the buffalo suffers a lot less of it because it’s over far more quickly. So that’s our message today.

Now let’s take the bull by the horns and get into it!

THE REALITY OF REAL ESTATE

I’m Not Saying, “I Told You So,” But…

I just read an interesting article about what we could see happening going forward post-NAR ruling, and oh, my stars, I don’t like it. Here’s the article’s quote from macroeconomics analyst Amy Nixon that particularly bothered me:

"The biggest implication of this judgment is it is moving us towards what I’ve always considered the ‘Amazonification’ of U.S. residential housing. We’re going to make transaction costs lower, but what that does is make it easier for people to buy at scale. And guess who buys at scale? Not families, investors and institutions.”

The last thing the housing market needs is for it to be even easier for hedge funds to buy up single-family homes. So, like everyone, I’ll be keeping a keen eye on what happens with the End Hedge Fund Control of American Homes Act. If this bill were to pass, it would put half a million single-family homes back onto the marketplace, so if you’re not normally one to call your congressperson, this is a good time to start.

@glenndabaker

What is really creating the chaos in the real estate market? I’ll tell you! #GlenndaBaker #RealEstate #AtlantaRealEstate #HousingMarket #R... See more

GLENNDA’S GURU

The Most Influential Real Estate Agent

I am super excited to be talking to an old friend today. She’s someone I met on Clubhouse at the beginning of the pandemic as we agents were all trying to figure out our next steps back when everything was in chaos the last time. I just loved her because she was a voice of reason. And obviously, she came up with a plan because she’s since been named the most influential real estate agent in Las Vegas! That’s right, my Glennda’s Guru guest today is Cami Lincowski!

If you’re going to be influenced, make sure it’s by someone as competent as Cami!

GLENNDAISM

Where the Buffalo Roam

GO HOME WITH GLENNDA

Invest in Yourself

Today we’re looking at my listing at 3790 Crestland Lane. There’s so much to love about this place, from the luxury finishes to the A-rated school district to the sun-drenched rooms. But what’s most significant about this property is how it appreciated from $550,000 to $950,000 in a few short years!

Okay, fine, maybe your NVDA stock has doubled but you can’t live in it, it’s not a secured investment, and there’s no clubhouse access. (And just try swimming in your portfolio when it’s 100 degrees outside.) Much like going to Paris, investing in real estate is always a good idea.