Credit, Economy and Financial News
Existing Homes Sales Continue to Drop
The National Association of Realtors said existing home sales fell 8.6% to an annual rate of 4.49 million in November, from a downwardly revised pace of 4.91 million in October. In addition, the median sales price plunged 13.2% in November to $181,300, from $208,000 a year ago. That was the lowest price since February 2004. The median marks the half-way point, with half of all houses sold above that level and half below. Sales fell around the country, with the largest drop (12%) in the Northeast. The Realtors group estimates that sales of distressed properties made up 45% of all property sales in November. There were 4.2 million unsold homes on the market in November. At the current sales pace, it would take 11.2 months to sell all the properties. The glut is being driven by a massive wave of mortgage foreclosures.
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Date Last Updated: 12/30/2008
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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 Factoring from Charter Capital. We purchase your Freight Invoices
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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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