Connect to today’s credit, economy and business finance news from Charter Capital. Get breaking news, updates and reporting on industry news providing small businesses with up-to-date financial information and resources.
Pending Home Sales Plunge
The National Association of Realtors reported that pending existing home sales plunged 16% in November, a sign that sales will be weak this winter. The steep decline in the number of sales deals followed nine straight months of gains. The report shows that consumers are no longer rushing to buy homes despite the extension of an $8,000 tax credit for first-time home buyers into the spring. Congress recently extended the date and broadened the program with a new credit of up to $6,500 for buyers who relocate.
"It will be at least early spring before we see notable gains in sales activity as homebuyers respond to the recently extended and expanded tax credit," Lawrence Yun, the Realtors' chief economist, said. Pending sales were down 26% from October in the Northeast and Midwest, 15% in the South and 3% in the West. Home resales surged in November to the highest level in nearly three years, but concerns remain that the market recovery will stall as the federal programs are phased out.
Return to:
Credit, Economy and Business Finance News
Date Last Updated: 01/14/2010
News Feeds
-Charter Capital Factoring Blog on MerchantCircle
- Factoring Accounts Receivable Blog
- Factoring My Invoices Blog
- Small Business and Invoice Factoring News Blog
- Small Business Factoring and Financial News Blog
- Invoice Factoring and Accounts Receivable Financing Blog
- Accounts Receivables Factoring Blog
- Factoring and Finance Blog for Business
|
 |
|
|
|
|
|
|
|
|
|
Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
|
|
|
|
