The average age of first-time home buyers is rising. Last year, it was 38 years old – up three years from 35 years old in 2023. The reason is simple. Buying a home has become more expensive and younger buyers face financial challenges older, repeat buyers don’t. Having to save a down payment from scratch, for example. That’s caused the average American to wait a little longer before becoming a homeowner. It’s also caused millennial buyers to consider overlooking a home’s issues in order to buy sooner. What are some of the things millennial home buyers say they’re willing to overlook in a home for sale? Well, according to a new survey, quite a lot. Topping the list of issues millennials are willing to overlook was a house that smells like cigarette smoke. Fifty-seven percent said they’d buy a smokey home. Asbestos was next on the list with 41 percent of respondents saying they’d buy a house that contained the toxic material. Other notable items younger buyers are willing to overlook included pests, a leaky roof, foundation issues, termites, crime, and mold. (source)
