Existing Home Sales up, but Prices Still Declining
The National Association of Realtors reported that sales of existing single-family homes and condominiums rose 2% to 4.99 million units last month, only the second sales increase in the past 10 months. But, the median price of an existing home sold in May dropped to $208,600, down 6.3% from a year ago. Sales gains were seen in all parts of the country except the South, where they fell 0.5%. Sales were up 5.5% in the Midwest, 4.6% in the Northeast and 2% in the West. The inventory of unsold homes fell 1.4% to 4.49 million units, representing a 10.8-month supply at the May sales pace. That is down from an 11.2-month supply in April. However, that's still considerably higher than inventory levels that existed during the five-year housing boom. Many economists believe that prices will have to fall further before the industry can mount a sustained recovery. But, many also predict sales will keep falling this year and will not start to rebound until the spring of next year.
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Factoring, Credit and
Economy News
Date Last Updated: 07/08/2008 |
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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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