Existing Home Sales Continue to Slide
Existing home sales fell 2% in March, the seventh decline in the last eight months, the National Associates of Realtors reported. In addition, the median price of a home sold last month was $200,700, a decline of 7.7% from a year ago and the seventh consecutive year-over-year price drop. It was also the second biggest decline following a record 8.4% decline in February. Some economists predicted that home prices will keep falling for many more months given the troubles in housing, from a severe credit crunch to a rising tide of foreclosures. The March sales decline followed a 2.9% February sales increase, which had been the first advance after six straight sales declines. Sales were down a whopping 19.3% compared with March 2007. The inventory of unsold homes rose 1% in March to 4.06 million homes, representing a 9.9 month supply at the current sales pace, as rising foreclosures dump more homes on the market.
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Economy News
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
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 company 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 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 from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding 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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