NAR's Chief Economist Leaves the Association

WASHINGTON, DC-Seven-year National Association of Realtors veteran David Lereah is leaving his position as chief economist to join a new tech venture to be launched by Move Inc. Move, among other functions, operates NAR’s website.

A spokesman tells GlobeSt.com that NAR is looking for a replacement. “He will be here at least through the mid-year meetings, which end on May 19.” If a replacement is not found by then, the NAR spokesman says, the staff will pinch hit until a new chief economist is found. “We have a highly competent staff here so we are not anticipating any problems with a possible gap.”

Nonetheless, Dale Stinton, NAR executive vice president and CEO, says he will be missed. “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.”