According to data from the National Association of Home Builders’ Consumer Expenditure Survey (CES), buyers of existing single-family detached homes generate increased spending during the first year after purchase, approximately $8,677. Buyers of existing homes spend more on property alterations and repairs during the first three years after moving into the home, but more so during the first year. During the first year after purchase, the largest increase in spending occurs in property alterations and repairs, with predicted annual purchases of $13,882. Typical existing home buyers spend more on appliances…
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