HOMES & LIFESTYLES
Your Guide to Metro Atlanta’s New Home Market A Q&A WITH NEW HOME EXPERT LORI LANE
T
he real estate market has been a bit of rollercoaster over the last year. Home buyers on the hunt for their dream residences are finding increased prices and decreased
inventory. However, this has opened the door for the new home market to emerge as an excellent option for buyers. In fact, homebuilders across metro Atlanta have stepped up to the plate with the development of spectacular communities and new homes that are beyond compare. To get the 411 on what’s really happening out there, KNOWAtlanta talked to Lori Lane, Senior Vice President of the New Homes Division for Berkshire Hathaway HomeServices Georgia Properties. Here, she shares her insights on the current state of the market and what you can expect when you decide to purchase a brand new home. How do you describe the current state of the new home market in metro Atlanta? The new home market continues to remain strong, despite the record low inventory. We are currently seeing younger generations, specifically millennials, enter the market, and that partnered with historically low interest rates is keeping new construction at the forefront of those looking to purchase a home. Why is now the right time to look at new homes in metro Atlanta? There are so many benefits to new construction right now. With so little inventory on the market, you have limited options when buying a resale, and if something really attractive hits the market, you most likely have several other people making an offer at the same time. You often need to be willing to close fast with no contingencies and possibly increase your offer; even then, you may lose to another buyer. Or the home you selected might not even be what you really want. With new, you may purchase a home that is months from closing, but you get to choose the home style you like, select the fea-
40 KNOWAtlanta FALL 2021
