After the recent weak and disappointing jobs report, there was more bad economic news as new home sales plunged 13.4% in July. The Census Bureau reported that home sales fell to a seasonally adjusted rate of 394,000 from 497,000 in June. This is 13.4% below the revised June rate of 455,000 but is 6.8% above the July 2012 estimate of 369,000. The median sales price of new homes sold in July was $257,200.
Interestingly, sales fell despite the fact that more homes were available for sale. So there appears to be weakened demand instead of a tight supply of available homes causing the decrease in home sales. Also home mortgage rates may also be responsible for less demand for homes since rising a full percentage point since May.
Add to the still mediocre job market and possible continued decline in the housing market the fact that the U.S. government could shut down in October due to the impasse in Congress regarding the debt ceiling and you have an uncertain economy approaching the end of the year.
We Offer Affordable Bankruptcy Courses
If you find yourself struggling with an uncertain financial future, you may have considered bankruptcy as one of your options. Before you file for bankruptcy, you must complete a Credit Counseling Course. After you file for bankruptcy but before your debts can be discharged by the bankruptcy court, you will also have to complete a Debtor Education Course.
Both of these courses must be approved by the U.S. Trustee. However two states, Alabama and North Carolina, do not come under the U.S. Trustee Program. In these states, courses must be approved by Bankruptcy Administrators. Both of these courses are required if you file for Chapter 7 or Chapter 13 bankruptcy. The Credit Counseling Course must be completed within 180 days before filing for bankruptcy and the Debtor Education Course must be completed after filing for bankruptcy.
We offer both the pre-filing credit counseling briefing and the pre-discharge debtor education course at affordable prices. The first credit counseling briefing is only $15 per household and the second debtor education course is only $19 per household. We have partnered with Advisory Credit Management, one of the nation’s leading approved agencies, to provide you with the credit counseling course. Other reasons to take the courses through us:
- They are web-based, interactive, and easy to understand
- They are available in both English and Spanish
- They cost the same whether you take it individually or with your spouse
- The certificates of completion are sent directly to you electronically
These courses will analyze your household budget, teach you how to manage your finances, and help you have a brighter financial future. Register now to take the courses and begin your road to financial recovery.