The Money Section | Boomers are impacting the housing crisis, say analysts

͏Also, what’s pay-per-mile car insurance? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [Fort Worth Star-Telegram]( September 13, 2023 • Issue #50 [The Money Section] [Presented by Allianz Travel]( This week, we’re looking at why baby boomers are being blamed in part for the current housing crisis, which states are seeing declines (rather than increases) in gas prices, and what’s the deal with pay-per-mile car insurance. Some Airbnb hosts are going through it. [Airbnb]( Olive Burd / Money; Getty Images; Nextrecord Archives / Getty Images; Smith Collection / Getty Images; Found Image Holdings / Getty Images Airbnb hasn’t had it easy lately, with some hosts making much less money in certain popular destinations due to fewer bookings. There are many factors driving this trend, but the new regulations aimed at addressing housing affordability concerns are a big one. [Read more.]( 👴🏻 Boomers and the housing crisis. Rising home prices and an affordability crisis in the housing market are partly due to an aging population, according to Barclays analysts. They argue that as the head of households age, households tend to become smaller in terms of people, creating more households overall. [Here’s what you need to know.]( ↕️ The Great Housing Divide. Rising mortgage rates have led to a divergence in the housing market, with higher-end homes in cities like Seattle and San Francisco experiencing price declines while lower-priced starter homes have remained relatively stable. [Here’s what homebuyers are now opting for.]( Lenders are getting pickier. Is your credit score ready? [Credit]( Money; Shutterstock Getting a loan or credit card has become harder for everyday Americans as banks tighten lending standards, making it crucial to have a good credit score. Even if you meet the minimum credit score requirements, interest rates can still vary significantly. [Here’s why that is.]( 🏥 Medical debt is leading to homelessness. Medical debt is becoming a significant factor in the housing crisis in the U.S., with millions struggling to keep their homes amid mounting healthcare bills. This eventually leads to evictions and homelessness since many patients prioritize paying medical and pharmacy bills before housing costs. [Read more.]( ⛽ Gas prices are up… and down? Gas prices in the U.S. have started rising again, though not uniformly. Some states like Texas, Washington, and New York have seen slight decreases, while California, Pennsylvania, and others have experienced price increases. The national average for unleaded gasoline is $3.823 per gallon, [up slightly from $3.815 on September 2.]( What to do amid record car loan rejections? [Rejected]( Money; Getty Images The rejection rate for auto loans in the U.S. has risen to 14.2% (the highest since 2013), as more Americans struggle with car payments due to high inflation and interest rates. This, in turn, is making auto lenders more cautious. [Here are 4 ways to increase your chances of getting a car loan.]( 📍 How your ZIP code impacts your car insurance. Auto insurance companies use various factors to determine rates, with your ZIP code influencing risk levels due to factors like claims history, population density, traffic patterns, and more. [Here’s how to lower rates in high-risk areas.]( 🚗 What’s pay-per-mile car insurance? Pay-per-mile car insurance lets drivers pay a base rate and a per-mile rate, potentially reducing costs for those who drive less than the average. It tracks mileage using an app or a device in the car, sharing data with the insurance company. However, it does come with some caveats. [Read more.]( Smart Money Move [Best Places to Travel]( Find your next vacation spot with Money’s Best Places to Travel It’s never too soon to start planning for the Holidays. As an off-peak season, early fall is a great time to start looking for flights. Not sure where to go? Money’s list of [Best Places to Travel for 2023]( has already done the legwork to find your next budget-friendly getaway. [SEE THE BEST PLACES TO TRAVEL]( Best Places to Travel 2023 is brought to you by [Allianz Travel]( a global leader in travel insurance that offers coverage for unforeseen circumstances like last-minute trip cancellations, lost baggage, and even medical treatments in foreign countries. [Check them out here.]( Stories we're reading this week - [How Long-Term Care Insurance Can Protect Your Inheritance]( - [The Unemployment Rate Fell to 3.5%, Matching Its Lowest Level in the Last 50 Years]( - [10 High-Yield Savings Accounts Offering 5% APY (or Higher) Right Now]( - [The iPhone 15 And Other Announcements From Apple's 'Wanderlust' Event]( - [Streaming Has Reached Its Sad, Predictable Fate]( - [Student Loan Bills Are Coming Soon: Here's What Borrowers Can Do to Prep]( - [Real-Estate Doom Loops Threatens America's Banks]( The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive marketing emails or newsletters from the Fort Worth Star-Telegram. If you no longer wish to receive emails of this type, you may [unsubscribe]( or [update your email preferences](. We are unable to monitor replies to this email. Please [contact customer service]( if you have any questions or concerns. 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