NAR Chief Economist Named

August 1, 2000

CHICAGO--NAR has a new chief economist. David A. Lereah came on board in late June from the Mortgage Bankers Association of America, where he had been chief economist since 1992.

Lereah brings with him a high-tech focus. At MBA, he served as president of the association’s first for-profit venture, Lender Technologies, Inc., which is building an e-commerce infrastructure for mortgage lenders, and recently wrote Rules for Growing Rich: Making Money in the New Information Economy (Random House, 2000).

“Dr. Lereah’s expertise in real estate and finance coupled with his knowledge of information technology will make NAR’s excellent economic research even better,” says Terrence M. McDermott, NAR’s executive vice president.

Before joining MBA, Lereah was managing principal and chief executive officer of Vantage Financial Group, a consulting firm specializing in the financial services and commercial real estate industries. He also served as chief economist and first vice president at Sovran Bank and has been a financial economist at the Federal Deposit Insurance Corp.

Lereah received his Ph.D. in economics from the University of Virginia. He will oversee NAR’s economic research department and will be the association’s principal spokesperson on economic issues.

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