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Home Prices Slid in 1Q

Home prices continued to slide at a dramatic pace in the 1Q, according to a closely-watched report. The S&P Case-Shiller National Home Price index plunged a record 19.1% during the first three months of the year, compared to the same period in 2008. That followed an 18.2% in the 4Q. The Case-Shiller 20-city index fell 18.7% year-over-year in March and its 10-city index fell 18.6%. The 20-city index has plummeted 32.2% from its July 2006 peak and has fallen 32 straight months. "Declines in residential real estate continued at a steady pace into March," said David Blitzer, Chairman of the Index Committee at Standard & Poor's. "All 20 metro areas are still showing negative annual rates of change in average home prices with nine of the metro areas having record annual declines." Rising foreclosures and the heavy backlog of unsold homes on the market suggests that a recovery in home prices is not likely in the near future, analysts note.

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Date Last Updated: 05/28/2009

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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 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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