Best Buy says hot housing market is boosting demand for TVs, home consultations

Source:CNBC — 

As Americans move into new houses, remodel homes and watch real estate values rise, Best Buy CEO Corie Barry said they are buying appliances and big-screen TVs and hiring the company to set up new technology.

The strong housing market is one of the key reasons why the consumer electronics retailer exceeded analysts’ expectations for fiscal first-quarter earnings, according to Barry. She said stimulus checks also fueled spending on home theaters, appliances and computing.