Leading Real Estate Economist, David Lereah, Joins Move, Inc. as New Executive Vice President and Chairman of New Venture
30 Abril 2007 - 10:03AM
Business Wire
Move, Inc. (NASDAQ:MOVE), the media leader for the when, where and
how to move, announced today that Dr. David Lereah has joined the
company as an executive vice president for Move, Inc. and serve as
chairman and partner with Allan Dalton, who will be the president
and CEO, of a new business entity which will launch in the third
quarter of 2007 and which is expected to be transformational for
both consumers and real estate professionals. Lereah is the
nation�s leading real estate economist. For seven years, he has
served as senior vice president and chief economist of the NATIONAL
ASSOCIATION OF REALTORS� (NAR) as the Association's spokesman on
the U.S. economy, the housing and real estate markets as well as
other economic and policy issues affecting the industry in the U.S.
and abroad. He also directed the Association's Research Division,
the Regulatory and Industry Relations Division, the Real Estate
Services Group and Strategic Planning Activities for the
Association. "With the addition of David's unique qualification and
expertise as an economist, Move will continue to be recognized and
sought out as the leading online real estate destination with the
most comprehensive information available to real estate
professionals and consumers,� said Mike Long, chief executive
officer of Move, Inc. �After serving as the�spokesperson for the
NAR for many years, David brings vast real estate savvy and
knowledge to the company. He will help guide us in our next phase
of growth and expansion with new ventures as well as serving as the
company's spokesman on economic and real estate issues.� Lereah is
recognized as a leading expert in the real estate and financial
services industries and his career has included tenures with
private industry, government, and academia. Prior to joining NAR,
he was chief economist for the Mortgage Bankers Association of
America (MBA) and acted as the COO with responsibility for MBA�s
Research, Business Development, Industry Technology, Education,
Marketing, Public Affairs and Meetings divisions. He also had
responsibility for the MBA�s Research Institute for Housing America
and Societas, an international lending institute. At the same time
he served as president and chief executive officer of Lender
Technologies Corporation - a wholly owned subsidiary of the MBA
which specializes in technology and information solutions for the
mortgage lending industry. �David Lereah has established himself as
the ultimate expert for the real estate industry,� said Allan
Dalton. �Having David partner with me on this new venture will
ensure that consumers and the industry will benefit from his
unparalleled knowledge of financial issues and the real estate
marketplace.� Prior to Mortgage Bankers Association of America
(MBA), Lereah was managing principal and chief executive officer of
Vantage Financial Group, Inc., a consulting company focusing on
financial and investment management for the banking and real estate
industries. He also was the chief economist of Sovran Bank
(predecessor of NationsBank and BankAmerica) in Richmond, Virginia,
and served on the Asset/Liability and Investment Committees for the
holding company. Lereah spent several years as a bank regulator and
a financial economist for the Federal Deposit Insurance Corporation
(FDIC). In that capacity, he authored numerous articles on bank
management and hedging strategies. He also was a member of the
American Bankers Association's Economic Advisory Counsel. Lereah
began his career on the faculties at the University of Virginia and
the Graduate School of Management at Rutgers University, where he
specialized in banking issues, market information problems and
financial market research. Lereah's economic and real estate market
commentary is regularly quoted in major news media including the
Wall Street Journal, New York Times, BusinessWeek, USA Today, CNN
Business News, CNBC, CBS Evening News and C-SPAN. Dr. Lereah has
also served as an expert witness, testifying on economic and
financial services issues before the U.S. Congress. He is a
prolific speaker, giving presentations and seminars on economic,
real estate and investment issues throughout the U.S. and other
countries. He has written numerous articles and books on finance,
investments and real estate, and his new book, �All Real Estate is
Local,� was released in March 2007 published by Doubleday, Random
House. Lereah has served on a number of Board of Directors/Advisory
Councils, including Velao Interactive Solutions Corporation, EZ
Archive Corporation, The Harvard University Industrial Economist
Council, The Burnham-Moores Center for Real Estate at the
University of San Diego, The Gerson Lehman Advisory Council and the
National Housing Conference, Center for Housing Policy. Dr. 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, Virginia. ABOUT MOVE, INC.
Move, Inc. (NASDAQ:MOVE), the media leader for finding, improving,
and enjoying your home, provides homebuyers and renters with the
real estate and community information, and professional connections
they need before, during and after a move. The Company operates
Move.com� (http://www.move.com), the most comprehensive real estate
search site for rentals and homes to buy and REALTOR.com�
(http://www.realtor.com), the official Web site of the National
Association of REALTORS�. Move also operates Welcome Wagon�
(http://www.welcomewagon.com), a 78-year old neighborhood expert
that provides new movers with valuable and comprehensive
information about businesses and professionals in their new
communities. Move.com is the official new homes Web site of the
National Association of Home Builders. Move also operates
Moving.com (http://www.moving.com), SeniorHousingNet�
(http://www.seniorhousingnet.com), TOP PRODUCER� Systems
(http://www.topproducer.com), FactoryBuiltHousing.com
(http://www.factorybuilthousing.com) and Home Plans
(http://www.homeplans.com). On the Net: http://investor.move.com.
REALTOR� and REALTOR.com� are registered trademarks of the NATIONAL
ASSOCIATION OF REALTORS�. REALTOR� is a federally registered
collective membership mark, which identifies a real estate
professional who is a Member of the NATIONAL ASSOCIATION OF
REALTORS� and subscribes to its strict Code of Ethics. This press
release may contain forward-looking statements, including
information about management�s view of Move�s future expectations,
plans and prospects, within the safe harbor provisions under The
Private Securities Litigation Reform Act of 1995. These statements
involve known and unknown risks, uncertainties and other factors
which may cause the results of Move, its subsidiaries, divisions
and concepts to be materially different than those expressed or
implied in such statements. These risk factors and others are
included from time to time in documents Move files with the
Securities and Exchange Commission, including but not limited to,
its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or
unpredictable factors also could have material adverse effects on
Move�s future results. The forward-looking statements included in
this press release are made only as of the date hereof. Move cannot
guarantee future results, levels of activity, performance or
achievements. Accordingly, you should not place undue reliance on
these forward-looking statements. Finally, Move expressly disclaims
any intent or obligation to update any forward-looking statements
to reflect subsequent events or circumstances. For additional
information, visit http://www.move.com
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