Carter Murdoch will speak at Real Estate Connect July 28-30 in San Francisco.

Carter Murdoch will speak at Real Estate Connect July 28-30 in San Francisco.


Dr. Carter W. Murdoch is a man who knows a lot about economics, and he has the resume and academic degrees to prove it.


The senior vice president of Bank of America’s Real Estate Partnership Group earned a doctorate in economics from Drexel University in Philadelphia, a master’s degree in administration from Villanova University, and a bachelor’s degree in economics from Syracuse University. He now divides his time between Charlotte, N.C., and Philadelphia.


Prior to joining Bank of America, he was managing director and principal economist for the National Association of Realtors. In that position, he was responsible for creating, designing, producing, selling and marketing research products and services to real estate companies.


Before his stint at NAR, he was co-CEO of BidTrac, a Philadelphia-based real estate software company that developed online appointment and online bidding software. The company was sold in 2001 to Salt Lake City-based Xvariant.


He also at one time was assistant professor of economics at Valley Forge Military College and an instructor of undergraduate and graduate level courses in economics and finance at Drexel University. He concurrently built a real estate practice with annual sales of $2-4 million.


Here are some telling details about Murdoch in his own words:


IN: What are your current or childhood nicknames?

CM: I have been fortunate enough to avoid earning a childhood nickname through some ignorant or regretful act.


IN: Which daily newspaper do you read and which section do you read first?

CM: The Wall Street Journal: Business and sports, then world news.


IN: What’s the most unusual thing you’ve ever packed in a suitcase?

CM: A lizard: As a child, my brother collected reptiles. He convinced me to bring one back from vacation.


IN: What kind of music do you listen to?

CM: Anything but hard rock or rap.


IN: What style of home do you live in and when did you buy it?

CM: I purchased a stone colonial farmhouse about 15 years ago.


IN: Where did you spend your last vacation?

CM: Marco Island, Fla.


IN: What professional accomplishment are you most proud of?

CM: While (I was) managing director and principal economist at NAR, revenue (of the department) grew more than 300 percent year-over-year due to the launch of new products and services.


IN: What personal accomplishment are you most proud of?

CM: Earning a Ph.D. in economics with a specialization in real estate economics.


IN: How many e-mail addresses do you have?

CM: Two, but sometimes that is too many!


IN: What is your favorite technology device or software application?

CM: Good communication is critical to almost all industries; cell phones enable us to clearly communicate in a timely manner.


IN: What is your opinion of Inman News?

CM: Cutting-edge news service unabashed at flying in the face of a stable, but slowly changing industry.


IN: What was the best gift you ever received from or gave to someone else?

CM: Best gift ever received: Combat USA; dog fighting in fighter planes. Best gift ever given: Go-Kart for my son.


IN: What was your top New Year’s resolution and have you kept it so far?

CM: Work smarter! Yes, it is amazing how much can be done during what seems like down time.


IN: Are you a morning person or a night owl?

CM: Without a doubt, I am a morning person.


IN: What is your worst vice or bad habit?

CM: Not letting go of work while on vacation.


IN: What worries keep you awake at night?

CM: Not to sound too much like a cliché, but world peace or the lack of it. No, I am not entering into a beauty contest!


IN: What lesson did you learn in the last year?

CM: Never give up! Hard work and honesty will pay off over time.


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