Real Estate Developer Convergent Acquisitions & Development, Inc's Announces That Charlotte Home Prices are Still Rising

Charlotte, North Carolina based developer and vendor of real estate, Convergent Acquisitions & Development, Inc (http://www.convergentacquisitions.com), is pleased to announce that home prices in the Charlotte area are still rising.

CHARLOTTE, N.C. (Business Wire EON) October 30, 2007 -- Charlotte, North Carolina based developer and vendor of real estate, Convergent Acquisitions & Development, Inc (http://www.convergentacquisitions.com), is pleased to announce that home prices in the Charlotte area are still rising.

Even as the majority of the country is experiencing a decrease in home prices, Charlotte home prices are increasing at significant rates

According to the Carolina Multiple Listing Service the average selling price of homes in the Charlotte MSA rose 9.3 percent this September as compared to September of last year. The average selling home price for the seven county region including Mecklenburg, Iredell, Union, Gaston, Lincoln, Stanley and Cabarrus Counties was $236,061 in September 2007.

“Even as the majority of the country is experiencing a decrease in home prices, Charlotte home prices are increasing at significant rates,” says Nick Sabardin President and CEO of Convergent Acquisitions & Development, Inc. “This data just continues to prove the strength of the Charlotte market and the accuracy of Convergent’s research.”

Go to http://www.convergentacquisitions.com/inthenews/ to learn more about Convergent Acquisitions and Development in the news or click on the links below.

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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.

Convergent president Nick Sabardin, BS, MBA, graduated from the prestigious Sorbonne University in Paris, France, before spending several years as a business consultant to some of France’s largest corporations. He completed his education by earning his MBA at San Jose State University in Silicon Valley, with an emphasis on technology and marketing. He flew as a commercial airline pilot under US Airways’ colors for five years after graduation, and fell in love with the Charlotte area, a US Airways hub. He is a long time experienced real estate investor.