Homebuyer Demand Boosts Appliance and Electronics Sales

With demand being so high in the housing market, house sales are happening quickly. But that’s not the only thing selling quick. Those new homeowners are also looking to purchase new appliances and electronics for their new house. Best Buy in particular has exceeded their sales expectations. They’ve particularly noted sales of big screen TVs and home consultations and installations. Home Depot and Lowes are also faring well, and Walmart has increased their investment in home goods.

Representatives from Best Buy say that it’s the consultations and installations that put them over the top. There are many companies that sell appliances or TVs or office supplies. But most don’t also offer home services along with the sales. Services such as internet tech support are in high demand for buyers just moving in, who don’t want to waste any time getting connected. However, they’re less certain about their future in the second half of the year, as pandemic restrictions are ending and people are spending less time at home.

Photo by Mollie Sivaram on Unsplash

More: https://www.cnbc.com/2021/05/27/best-buy-says-hot-housing-market-is-boosting-demand-for-tvs-home-consultations.html