Pending Home Sales Fall in March
The National Association of Realtors reported that single-family home prices dropped 7.7% in the 1Q, the largest year-over-year decline since it began reporting prices in 1982. In addition, the median sales price fell to $196,300, down 4.8% compared with the 2007 4Q. Sun-Belt cities were among the worst hit. In California, Sacramento prices plummeted 29.2% to $258,500 compared with last year and Riverside prices fell 27.7% to $287,100. Prices in Las Vegas plunged 20.2% to $247,600 and prices in Phoenix dropped 15.4% to $222,200. Midwestern cities also suffered big losses, the NAR said. Prices in Lansing, MI fell 26.9% in the 1Q. The glut of unsold homes in many markets, exacerbated by rising foreclosures, has led to aggressive price slashing and increased incentives by builders looking to sell homes.
Return to:
Factoring, Credit and
Economy News
Date Last Updated: 05/16/2008 |
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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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