Industry News

NAR’s top economist moves to Move Inc.

David Lereah will assist new business venture

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David Lereah, the chief economist for the National Association of Realtors trade group, is moving on from this position to assist a secretive project at Move Inc., a company that operates the NAR-affiliated Realtor.com property-search site. Lereah, who critics have said tends to view the real estate market with rose-colored glasses, will join Move in mid-May to serve as an executive vice president and as chairman and partner with Allan Dalton in a "transformational" new business entity, Move announced today. Dalton, a former president for Move's Realtor.com operations, is president and CEO for the hush-hush venture, which the company expects to launch in the third quarter. In the past few months Move has announced a series of consumer-focused enhancements, such as improved search tools and a series of blogs that focus on a range of real estate categories. "David Lereah has established himself as the ultimate expert for the real estate industry," Dalton said in a statement. "Having Dav...