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Blizzards Chill Existing Home Sales in February
The National Association of Realtors (NAR) said existing home sales fell 0.6% in February to an annual rate of 5.02 million, the third straight decline. Blizzards across the nation had a definite impact, although tight credit and high unemployment continued to weigh down the housing recovery. But, despite the decline from January, home sales grew 7% from February 2009, when the recession was bottoming out. Lawrence Yun, NAR Chief Economist noted that while sales have exceeded year-ago levels for eight straight months and home prices have stabilized “the housing recovery is fragile at the moment.” He said a key test for a durable recovery comes in the next few months as a tax credit for home buyers draws to a close (it expires April 30). “If we see a surge in home buying comparable to last fall. . . then enough inventory should be absorbed to ensure a broad home price stabilization.” The median price for an existing home was $165,000 in February, which is 1.8% below February 2009.
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Date Last Updated: 03/25/2010
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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.
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