Real Estate Developer Convergent Acquisitions & Development, Inc’s
Announces Charlotte, North Carolina’s Strong
Economy Protects the City from Housing Slump
CHARLOTTE, N.C. (Business Wire EON/PRWEB ) September 25, 2007 --
Charlotte, North Carolina based real estate developer, Convergent
Acquisitions & Development, Inc. (http://www.convergentacquisitions.com)
is pleased to announce that a recent article on Bloomburg.com points to
Charlotte’s standing as one of the nation’s
largest financial centers, second only to New York City, as the reason
for the economic strength and continued population and housing growth in
the region.
Charlotte is home to the headquarters of both Bank of America and
Wachovia, the second and the fourth largest banks in the United States.
They employ 35,000 people in the Charlotte area and are continuing to
grow. This strong economic growth was one of the contributing factors to
the 6.78 percent increase in home prices in Charlotte as compared to the
3.49 percent decrease seen nationwide according to the S&P/Case-Shiller
index.
“We predicted just this kind of growth years
ago and that is why we located here in Charlotte,”
says Nick Sabardin President and CEO of Convergent Acquisitions. A
strong and growing economy is among the signs in our Rule
of Eight that a market has strong potential for appreciation. Strong
economies lead to growth and that is one of the best predictors of an
appreciating market.”
To read the entire article click on the link below:
www.bloomberg.com/apps/news?pid=email_en&refer=&sid=a_JIZyb3zZec
Go to http://www.convergentacquisitions.com/inthenews/
to learn more about Convergent Acquisitions and Development in the news
or click on the links below.
Real
Estate Slump and Mortgage Mess Creates Greatest Investor Opportunities
in a Generation
Charlotte,
North Carolina Avoids National Housing Slump
Convergent
Acquisitions & Development, Inc Announce Townhomes the Trend in
Charlotte, North Carolina Real Estate
Real
Estate Developer, Convergent Acquisitions & Development, Inc., Announces
Saint Johns Ridge Located Near Planned University City Development
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.
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