Homeowners Face Scary Halloween Expenses This October
Homebuyers have plenty to be scared of this spooky season, with mortgage rates at two-decade highs and home prices breaking new records, sending affordability to bone-chilling lows.
But current homeowners have their own fears to overcome this Halloween.
Homeowners planning to feed Trick-or-Treaters this year are facing a surge in candy costs thanks to bad weather in China, India and Thailand. The price of sugar and sugar substitutes was up 7.7% YOY in September, while candy and chewing gum saw a 7.5% annual surge. This is well above the 0.2% increase for food overall.
With inflation ravaging wallets this year, 40% of Americans say higher costs will affect how much candy they buy.
Even so, Americans are projected to spend…