Tag Archives: sales
Home Sales Decrease, Down by 80% since the Industry Boom
Do not count on the new home market for a better economy. Home builders suffered a bad month yet again in October, reaching only a fifth of the rate of sales that they were enjoying during the industry boom five years ago.
Sales of new homes fell to an annual average at just 283,000. This was according to the Commerce Department. This is 8.1 percent lower than the already low performance in September and 28.5 percent a year ago when the rate was at 430,000 every year.
Experts on the housing market from Briefing.com forecasted that the market should reach at least 314,000 in home sales, but the actual figures now show that the performance is significantly lower.
According to Mike Larson, an analyst of the housing market from Weiss Research, the new home market was again at a disappointing state when sales plummeted to the bottom, all across the whole country.
New home sales are almost 80 percent lower than the pace that it had during the boom, which reached 1.4 million a year. Set in July 2005, that figure is now a distant past, as sales continue to stay at historic lows, even as mortgage interest rates go low and significantly lower the prices of new homes.
The Commerce Department revised the August sales figures as well, lowering it to 275,000 homes a year. This is a record low in the new home market ever since it started to track sales in 1963.
According to David Crowe, the National Association of Home Builders’ chief economist, more people are scared to buy new homes because of the grim economy, which has a lot of negative effects on the average American family. Unemployment and instability hinders them from committing to a long time of paying mortgages.
Usually, forming households increase a percent every year, as people get married, immigrants come, and careers are launched.
However, the economy has continued to slow down the personal advancement of the American. With most new graduates finding it hard to find a launch pad for their career, fewer immigrants come to the country and more couples delay marriages.
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How local Small Businesses can grow with Business Cash Advance influx in 2012?
With the beginning of every new year small business owners ask themselves how they can grow and stabilize their local ventures against big box vendors and national enterprises. Questions they ask themselves are
What are their new business plans to achieve this year?
What will be their marketing and growth strategy for the new year?
Should they grow their businesses geographic footprint?
Should they invest in new hardware / equipment to enhance productivity?
Can upgrading their existing location help in sales?
All these questions when answered with a positive YES translates into one single adjective “Working Capital”. Which brings them to the next question, where can they get the required business capital in a timely and hassle free manner? Traditional lending options like, banks, leases and family money take a lot of effort and require assets and a long business history coupled with impeccable credit. Even if you have all that is required you still need to wait for the money to be funded for quiet some time. Whats the answer than,
“BUSINESS CASH ADVANCE”
Have you been turned down by the banks?
You cannot achieve your business plans without business capital. Business cash advance loans dont need great credit score. They look more at your forecasted credit card sales than your history of credit score.
How quickly do you need the money?
Bank loans can sometimes take months before they go through. If a chance provides itself today, it may not be around the next day. You can typically get the money you need within few days with business cash advance.
Flexible payment schedule
Bank loans requires that you pay a set amount each month irrespective of the business performance. It become really difficult during time of recession to keep up. A business cash advance takes a portion of your daily credit card sales to pay back the funds. The advantage of this is that when you have a slow period, your payback is less.
Majority of businesses enjoying the facilities of Business Cash Advance are the ones who were turned down by the banks for not meeting their prerequisites laid down to qualify for the advance, such as bad credit history, type of business, not having a collateral to offer and other requirements. A business cash advance is a definite way out in this complicated business environments. It can either be a life line for a shattered business or a path to a more successful future.