Some facts about new homeowners:
- Spend more in the first 60 days than an established homeowner will spend in the next two years
- Are eager to purchase new services, such as landscaping and other home improvements both interior and exterior
- Are more likely to buy home dĂ©cor, furnishings, and appliances – over 75% of new homeowners will make a furniture purchase as a result of the move
- Need personal services, including doctors, dentists and other professionals soon after they move
- Need a new bank, supermarket and nearby restaurants and take-out meals for their day-to-day lives
- Are more likely to buy home improvement goods – tool and electronic sales climb right after the move
- Make other major purchases – 62% of new movers buy a new car within the first year after relocation