How Move, Inc and Cendant Real Estate Services (Coldwell Banker, Century 21, ERA, Sky Sotheby's) influence the National Association of Realtors

How Move, Inc and Cendant Real Estate Services (Coldwell Banker, Century 21, ERA, Sky Sotheby’s) influence the National Association of Realtors

02nd May 2007 | Category: Other

WASHINGTON – May 1, 2007 – David Lereah, senior vice president and chief economist of the National Association of Realtors® (NAR) for the past seven years, is joining Move Inc. as executive vice president, effective in mid-May.

Move Inc. operates NAR’s official Web site, Realtor.com, and Move.com. A large stakeholder in Move, Inc. is Cendant Real Estate Services (which is really composed of four large national franchises).

Lereah will also act as chairman and partner of a new business entity under Move Inc. that will launch in the third quarter of 2007. He will serve with Allan Dalton, who will be president and CEO of the new business entity.

“David is an expert on real estate and the economy, and his stature and expertise enhanced NAR’s position as the most credible source on economic and policy issues affecting the housing industry in the United States and abroad,” says Dale Stinton, NAR executive vice president and CEO. “We wish him the greatest success in his new endeavor.”

At NAR, Lereah directed the research division, the regulatory and industry relations division, the real estate services group and strategic planning activities for the association. During his tenure, NAR launched the monthly Pending Home Sales Index, a forward-looking indicator based on ratified contracts that have not yet closed. Coupled with existing-homes data, the PHSI established NAR as the dominant voice in real estate providing financial and housing writers a clearer picture of the state of the real estate industry.

“After serving as the spokesperson for NAR for the past seven years, David brings vast real estate savvy and knowledge to the company that will help guide us in our next phase of growth and expansion with new ventures,” says Mike Long, chief executive officer of Move Inc.

Lereah received his B.A. in economics & marketing from American University, Washington, D.C., and his Ph.D. in economics from the University of Virginia, Charlottesville, Va.