Hey, MOVE's stock is only down 95% from the peak. How much damage can a completely discredited carnival barker do? Want a tip? Short MOVE...Here's a special HousingPANIC going away message for our old friend, The Corrupt David Lereah (please feel free to add your own HP'ers):
TCDL, we'll sure miss you around here. Yes, you may have been doing the bidding of your evil masters at the NAR these past few years with your lies, deception and spin. And yes, you may have blood on your hands, someone who'll go down in history as enriching himself at the expense of others.
But it sure was one heck of a ride.
Bon Voyage TCDL. And good fu*king riddance.
Economist Lereah to leave Realtors for Move Inc.
David Lereah, chief economist of the National Association of Realtors, is leaving NAR to join Move Inc. as chairman and partner of a new business entity next month, NAR said Monday.
Lereah has directed NAR's research division, regulatory and industry relations division and other activities. He will leave the association in mid-May, NAR said.
Lereah has directed NAR's research division, regulatory and industry relations division and other activities. He will leave the association in mid-May, NAR said.
As chief economist and senior vice president, Lereah is the NAR's spokesman on the U.S. economy and the housing and real estate markets.
California based Move Inc. provides homebuyers and renters with information about real estate and communities before, during and after moves, according to its Web site. Move Inc. operates NAR's Web site, Realtor.com.
Neither NAR nor Move Inc. offered details about the new entity, but a Move Inc. spokeswoman said more information would be forthcoming in the third quarter. The entity is "expected to be transformational for both consumers and real estate professionals," according to a Move Inc. news release.
