Pending Home Sales Down in May
The National Association of Realtors reported that its Pending Home Sales index declined 4.7% in May to 84.7 from an upwardly revised 88.9 in April. The index was down a whopping 14% from May 2007, an indication of how severe the housing slump has become. The index had jumped 7% in April as declining home prices produced some bargain hunters. But May's decline suggests a turnaround has not yet begun. "The overall decline in contract signings suggests we are not out of the woods by any means," said Lawrence Yun, NAR chief economist. Pending home sales declined in all regions. They were down 1.3% in the West, 2.9% in the Northeast, 6% in the Midwest, and 7.1% in the South. In addition, the NAR lowered its existing-home sales outlook for 2008, saying it now expects sales of 5.31 million, down from the 5.39 million forecast in April.
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Factoring, Credit and
Economy News
Date Last Updated: 07/11/2008 |
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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
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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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