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2007-08-08 13:29:00

Charlotte, North Carolina Avoids National Housing Slump

Charlotte, NC - - Convergent Acquisitions & Development, Inc., a leading developer and vendor of real estate is pleased to share that contrary to the news of a national real estate market downturn, Charlotte still shows all the indicators of a strong and appreciating market.

Just as many media outlets, including CNNMoney, The Wall Street Journal and Forbes, are highlighting a national real estate downturn, they are also pointing out that Charlotte is the exception to this trend. Charlotte is still showing all of the indicators of an emerging market. Even as home prices plummet in almost every market in the country, the S&P/Case-Shiller® Home Price Indices showed an increase of 6.99% in Charlotte from May 2006 to May 2007.

“Four years ago, as we examined real estate market trends throughout the country using our Due Diligence Methodology, we saw all of the indicators in the Charlotte market that predicted it could withstand just this kind of slump,” says President and CEO Nick Sabardin. “The power of our research is what makes us unique and what allows us to position our customers in what we believe are the very best markets in the country for income property ownership.”

About the Company:

Convergent Acquisitions & Development, Inc is a leading vendor and developer of real estate especially focused on serving the non-owner occupied or “real estate investor” market. Founded around a team of real estate professionals with in-depth knowledge of the market and a wealth of experience, Convergent Acquisitions and Development, Inc provides single family homes in emerging markets well poised for income and appreciation potential.

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