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 décor, 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
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