Lori Lane, President of Berkshire Hathaway HomeServices Georgia Properties New Homes Division, Encourages Homebuyers to Seize the Opportunity Amid Surging New Home Sales
Jun 2, 2023
Exciting news for the U.S. housing market has been unveiled in a recent report by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Atlanta, GA, United States - June 2, 2023 —
Zillow, CNN, weighed in on this news discussing that April’s new home sales reached their highest levels in over a year, indicating a significant surge. This surge not only bodes well for the national housing market but also presents promising prospects for the Metro Atlanta area. Furthermore, this upswing has bolstered builder sentiment, with more home builders expressing optimism about the market's future. The hope is that this positive momentum will persist, leading to an increase in new construction activity throughout the remainder of the year.
Lori Lane, President of Berkshire Hathaway HomeServices Georgia Properties' (BHHSGA) New Homes Division, provides valuable insights, emphasizing the favorable timing for potential homebuyers. Despite limited inventory and affordability challenges, the rise in new home sales brings hope to aspiring homeowners in Atlanta who are seeking accessible options.
The U.S. Census Bureau's latest data also reveals positive news for homebuyers. In April, there were 683,000 new single-family home sales across the country, showing a significant increase of 4.1% compared to the previous month. Even more impressive, it's an 11.8% surge when compared to April of last year.
As a key figure working with esteemed builders throughout the Atlanta Metro area, Lori Lane confidently addresses the concerns of prospective homebuyers. "I am often asked if it is still a good time to buy a new home or should I wait? My question is: what are you waiting for?" she states.
For those contemplating a new home purchase, it is important to recognize that prices will not experience a drastic drop. Waiting for lower prices may lead to disappointment, as home prices will continue to increase over time. According to NAR, real estate has historically demonstrated stable, long-term growth in value, with median single-family existing-home sale prices increasing an average of 5.2 percent each year since 1972.
The common question arises: should one wait for interest rates to change? Atlanta consistently ranks among the most desirable places to live in the country. Economists at NAR confirm that the metro Atlanta area offers the best opportunities for homebuyers in 2023, based on various factors. As more buyers relocate to the area, when rates eventually drop, there will be a surge of demand. With limited inventory, this could lead to multiple offer scenarios, driving home prices up. Instead of risking losing out on the home of your dreams, consider purchasing now and refinancing later when rates decrease. Lawrence Yun, Chief Economist and Senior Vice President of Research at the National Association of Realtors (NAR), supports this notion, asserting that "prices are expected to remain stable in the vast majority of markets due to extremely limited supply. Mortgage rates have trended down, and the new normal is 5.5% - 6.5%. So... for someone waiting for a 3% or 4% mortgage rate, it's not going to happen."
Lori Lane particularly recommends exploring new construction options for several reasons. Many home builders currently offer enticing incentives, including interest rate buy-downs and 30-year fixed interest rates as low as 4.99%. These incentives can significantly reduce monthly house payments by hundreds, if not thousands, of dollars. Moreover, some builders contribute towards closing costs, requiring less cash upfront. Additional benefits include move-in appliance packages, reducing the cost of significant purchases. New construction provides updated features, brand-new appliances, a new roof, builder's warranty, and vendor warranties. Furthermore, new homes often boast greater energy efficiency, further reducing costs. With limited inventory and homesites available, now is the opportune time to build your dream home. In summary, the best deal for your new home may be right now.
Under Lori Lane's leadership, the New Homes Division of BHHSGA, along with their builder clients, have achieved remarkable success, securing an unprecedented 37 gold awards and 25 silver awards at the 2022 Greater Atlanta Home Builders Association's (OBIE) Awards. These accolades celebrate their exceptional milestones in building, marketing, and personal accomplishments. Lori Lane and the New Homes Division proudly represent these Georgia top builders, developers, and communities in the Atlanta Market.
Over the past quarter century, Patrick Malloy Communities has developed 11,000 homesites and sold more than 7,000 homes for over $4 billion in sales. Most recently Patrick Malloy Communities is building new homes at Upper East River in Savannah, GA and 55+ homes in Canton and Snellville, GA.
The JW Collection is the legacy business of John Wieland and represents his 50-year commitment to building better homes, a promise he has kept for more than 30,000 homeowners and continues to uphold.
David Patterson has been building custom and semi-custom homes in Atlanta, Forsyth County and on Lake Lanier for over 15 years. They combine the latest in new trends and design options and the design team provides exquisite interior finishes and unique architectural features.
Award-winning Loudermilk Homes is now entering its second decade with a relentless focus on quality custom craftsmanship, transparency and advanced smart home technology and is currently building in the Buckhead and Milton areas of Atlanta.
The town of Trilith is a 235-acre European-inspired town located across from Trilith Studios
Developed by Vision Development Partner, The Homestead at Milton is a once-in-a-generation opportunity to own 4-10 acres of land, build a homestead and put down roots for your family.
The Canoe Club, a premier development by Reynolds Signature Communities, is a master planned community set on 600 picturesque acres.
The Gardens at Arbor Springs in Newnan is an award-winning 55 + community built by McKinney Builders.
Gin Property is a new community in Historic Senoia in Coweta County and features homes by Senoia Enterprises and Redwood Homes.
About New Homes BBHSGA:
The New Homes Division of Berkshire Hathaway HomeServices Georgia Properties represents some of the most respected builders and developers in the Greater Atlanta area. The division is run and created by Lori Lane, President of the New Homes Division and backed by one of the most respected brands in the world. Lane also acts as Managing Broker and oversees the on-site sales and marketing for each community. Over the years, Lane and her team have created award-winning strategies for the marketing and selling of new construction and have won hundreds of awards that celebrate outstanding achievement and excellence in home building, marketing, and personal achievement.
Lori Lane, President of Georgia Properties New Homes Division, is known for building the highly successful New Homes Division, establishing herself as a powerhouse in the new home construction industry representing some of the most respected builders and developers in the Greater Atlanta area. In addition to her unprecedented success in new home sales and marketing, she also manages BHHS GA Luxury Collection marketing and is best known for the award-winning black and white Luxury Collection marketing campaign created and launched in 2015. Under her leadership, Luxury Collection sales have seen an increase of 269% in market share.
Lori Lane defines new home and luxury real estate sales and marketing and continues to make a lasting impact on Atlanta's real estate industry.
Contact Info:
Name: Berkshire Hathaway HomeServices GA Properties
Email: Send Email
Organization: New Homes Division - Lori Lane of Berkshire Hathaway HomeServices GA Properties
Address: 100 Mansell Ct E Suite 115, Roswell, GA 30076
Phone: (678) 352-3314
Website: https://newhomesdivisionga.com
Release ID: 89099094
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
More News
Police chief nominee's confirmation hearing set for Nov. 18
The National Assembly will hold a confirmation hearing for Kim Jong-chul, nominee for commissioner general of the Korean National Police Agency (KNPA), next week, officials said Wednesday. The parliamentary public administration and security committee adopted a plan to hold the hearing next Wednesday during a plenary meeting earlier in the day. The KNPA commissioner general nominee can be appointed by the president even without parliamentary consent following the confirmation hearing. If appointed, Kim would fill a post that has remained vacant for nearly two years since former President Yoon Suk Yeol's declaration of martial law in late 2024.
Lee vows to reflect farmers' voices in decision on CPTPP membership
President Lee Jae Myung on Wednesday vowed to accommodate farmers' opinions in deciding whether to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The president made the remarks in a post on X, formerly Twitter, on the 31st Day of Farmers, reiterating his pledge to take farmers' interests into account when deciding to join the Indo-Pacific trade bloc. "On important issues, including farmland reform ... and the CPTPP, the government will work toward faithfully reflecting voices from the (agricultural) field so as to be helpful to farmers," Lee wrote in the post. The president has previously said that Korea's entry into the CPTPP would be "unavoidable," but has pledged to focus on finding complementary measures to implement when seeking CPTPP membership. While CPTPP membership is expected to help boost Korea's overall exports, the agricultural and fisheries sectors are likely to take a hit from market opening due to imports of cheaper products. Lee has ordered the government not to apply for CPTPP membership this year, expressing the need for sufficie
Nat'l Assembly speaker vows push for constitutional revision, rules out Lee seeking 2nd term
National Assembly Speaker Cho Jeong-sik on Wednesday reaffirmed his commitment to pushing for a constitutional revision, rejecting opposition claims that the revision would be aimed at allowing President Lee Jae Myung to seek a second term. Cho's remarks came as opposition lawmakers have questioned whether he had left open the possibility of Lee seeking another term after he told a press conference in July that an incumbent president's eligibility to seek another term would be up to the people to decide. "As stipulated in Article 128 of the Constitution, the extension of a sitting president's term is not a subject of discussions for a constitutional revision," Cho said during a discussion hosted by the Kwanhun Club, a senior journalists' association. "This should no longer be used for political conflict." Cho said the National Assembly should take the lead in pursuing constitutional reform, adding he plans to launch an advisory committee under his office soon to set the direction and key priorities for the revision. He also pledged efforts to further advance Korea's national interest, sa
Rail workers threaten indefinite strike from Dec. 10
Unionized workers of Korea Railroad Corp. (KORAIL) said Wednesday they will launch an indefinite general strike at 9 a.m. on Dec. 10, demanding improvements to the promotion system and the employment of more safety-related personnel. The Korean Railway Workers' Union announced the plan in a news conference at Seoul Station, warning the walkout will proceed unless its demands are met. In a statement, the union criticized the current promotion system for "unfairly" excluding field workers and said staff shortages in railway operations are directly compromising safety. The union plans to hold a large-scale rally at Seoul Station on Saturday, followed by a two-week safe-operation campaign and a series of regional nighttime rallies beginning Nov. 23. The walkout could disrupt KTX and conventional train services nationwide, as well as subway services in the capital area. Its impact could be greater than that of previous strikes following the integration of high-speed rail operator SR Co. into KORAIL in September.
Korea climbs 8 spots to rank 10th in global digital, AI competitiveness
Korea jumped eight places to rank 10th out of 70 nations in the 2026 World Digital and AI Competitiveness Ranking (WDAIR), published Wednesday by the International Institute for Management Development (IMD) — the prestigious Swiss business school known for its benchmark global competitiveness evaluations. Among nations with populations exceeding 20 million, Korea secured fourth place, trailing only the United States, Canada and China. The Ministry of Science and ICT announced that Korea achieved comprehensive improvements across all five evaluated categories: Governance, Technological Infrastructure, Efficiency, Human Resources Development and Societal Attitudes & Values. Notably, Korea jumped 10 places to rank third globally in Efficiency and climbed four spots to third in Technological Infrastructure. Korea demonstrated unmatched leadership in government execution and technological foundation, claiming the top spot worldwide in both the Government Core Systems Index and total research and development (R&D) expenditure as a percentage of gross domestic product. The nation also mainta
Bus rams into 32 vehicles in Bundang, leaving 57 injured
SEONGNAM — A bus plowed into more than 30 vehicles waiting at a traffic stop in Seongnam, just south of Seoul, during morning rush hour Wednesday, officials said, leaving 57 people injured. The city bus, driven by a man in his 60s, struck four other buses, a cargo truck and 27 passenger cars before coming to a stop after hitting a traffic barrier in Seongnam's Bundang Ward at 7:34 a.m. The bus reportedly hit the vehicles over a distance of about 100 to 150 meters The incident left nine people seriously hurt and 48 others with minor injuries. None of the injuries were reported to be life threatening. The bus driver reportedly told police that the brakes did not work, with investigators looking into the exact cause of the crash. Police said the driver was not under the influence of alcohol, but plan to check whether he had taken drugs.
Why this Sydney private school should be banned from new enrolments
A private school that made teachers share beds with students should be barred from enrolling new students, forced to pay back staff and face investigation over allegations of misused government funding, a landmark parliamentary inquiry has found.
New light shows must attract business, not just spectators: tourism sector
New light shows replacing Hong Kong’s long-running “A Symphony of Lights” should help nearby shops and restaurants attract business, rather than simply drawing spectators who leave after the performance, tourism representatives have said. Lawmaker Perry Yiu Pak-leung and tourism union adviser Leung Fong-yuen on Wednesday backed experimenting with new formats as the nightly Victoria Harbour attraction prepares to stage its final show next Wednesday after 22 years. “Don’t simply attract tourists...
How AI powers Hong Kong Baptist University professors’ research to benefit society
Two researchers in Hong Kong are using advanced data-driven computation and artificial intelligence (AI) alongside traditional scientific principles to better understand the mechanisms of the human brain and tackle the growing urban threat posed by extreme temperatures and air pollution. The academics at Hong Kong Baptist University (HKBU) have been recognised by Hong Kong’s Research Grants Council (RGC), a non-statutory advisory council under the University Grants Committee responsible for...
'Can't put that in the cloud': Australia's growing demand for an unusual storage method
As uncertainty grows, more Australians are turning to an old-fashioned safeguard.
Larvotto extends NSW high-grade gold-antimony system at Hillgrove
Larvotto Resources has hit high-grade gold-antimony up to 9.61g/t gold equivalent at the Freehold prospect in its NSW Hillgrove project, doubling the mineralised strike to 700m.
Qantas using AI as ‘Trojan horse’ for lay-offs, says union
Citing the impact of AI, the airline will send 850 back-office jobs, “mostly” to India, through professional services firm Accenture.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.