San Diegans spend more than most on home furnishings

San Diegans spend more than most on home furnishings

In a survey of 1,850 Americans by home improvement resource Improvenet, just over half of consumers say their home is only partly decorated to their satisfaction. Many homeowners say that they envision how they will decorate or furnish their home when house hunting, but those dreams fall by the wayside after move-in day.
Nearly a quarter – 23 percent – say that very little about their home is designed to their liking. The survey also shows that consumers are willing to spend more for quality, style and comfort when purchasing big ticket items like sofas, mattresses and televisions.
San Diegans spent $8,939 on average per resident on home décor and furnishings between 2016 to 2018. This is the second highest in the nation, followed only by residents of Minneapolis-St. Paul at $9,322.
Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 3.875 percent and 15-year rates are near 3.375 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.