Home prices plummeting. Foreclosures rising. Mortgages defaulting. Banks collapsing. New construction slowing. Loans vanishing. Credit nonexistent. Financial apocalypse imminent.
Cape Girardeau, Missouri-based Magna-Tel Inc. announced the company launched a free webinar series available to all distributors. The free sales webinars will be hosted by Charles Duggan, MAS, director of sales, and will cover a variety of topics from “Take a Walk on the Wild Side with Ideas for Pets” to “How to Sell a $20,000 Order.”
ACCORDING TO THE U.S. Department of Commerce, for the month of March 2008, the median sale price of a U.S. home was down 13.3 percent from March 2007. For the same month, sales of new homes dropped to the lowest level since October 1991. Regionally, the Northeast was hardest hit with sales down almost 20 percent when compared to the same month the previous year. The news is not rosy, and while experts differ in their opinion on how bad the housing crisis will get, there is no denying the housing industry slowdown is having and will continue to have a ripple effect on