Existing Home Sales Fall to Record Low
Sales of existing homes sank to a record low in January while the median price for a home dropped for the fifth consecutive month. The National Association of Realtors said sales of single-family homes and condominiums fell 0.4% last month to a seasonally adjusted annual rate of 4.89 million units, the slowest sales pace on record going back to 1999. The median price of a home sold in January dropped to $201,100, a decline of 4.6% from a year ago. The drop in sales and decline in prices underscores the severity of the housing slump, which shows no signs of a near-term recovery. However, Lawrence Yun, chief economist for the NAR, said he believed the housing market may be close to bottoming out with a rebound expected to start toward the end of this year. "Subprime loans and other risky mortgage products have virtually disappeared from the marketplace, and over the past five months, this has been reflected in soft but fairly stable home sales," he said.
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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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