Dr. David Lereah
President, Reecon Advisors
Member of the Real Estate Council
Council Member Biography
David Lereah is the President of Reecon Advisors, a real estate advisory firm located in Washington, DC. Reecon Advisors owns and operates Real Estate Economy Watch, a leading information residential real estate site. Dr. Lereah focuses his advisory services on residential, mortgage lending, and the home building markets. He was most recently, an Executive Vice President at MOVE, a leading online real estate company. He was also the Chief Economist for both the National Association of REALTORS®, and the Mortgage Bankers Association, serving as one of the nation's top spokesmen on real estate matters, including industry regulation and strategic planning during the past two decades. Dr. Lereah has testified before Congress and written numerous articles and books on real estate and financial services. He received his PhD in Economics from the University of Virginia and BA in Economics from American University. Dr. Lereah has served on a number of Boards. (This is me - Update Profile)
Employment History
- 2008 - Unspecified
- President, Reecon Advisors
- 2007 - 2008
- Executive Vice President, MOVE, INC.
- Unspecified - 2007
- Chief Economist and SVP, NATIONAL ASSOCIATION OF REALTORS
GLG NewsSM Analyses by David Lereah(?)
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Case-Shiller Home Price Improvement Temporary
October 27, 2009
Home Price Improvements May Be Short-Lived | www.realestateeconomywatch.com
According to a recent Case-Shiller home price report, the pace of annual decline in home values continues to decelerate and there are sustained monthly increases across many of the markets. Historic low mortgage rates and a government tax credit program have provided a favorable backdrop for housing activity throughout this year. Housing sector faces several obstacles that could weaken future home sales and home values.
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Record Deficit Bad News For Economy and Housing
October 22, 2009
Record Budget Deficit Cast a Dark Shadow Over Economy and Housing | www.realestateeconomywatch.com
The federal budge deficit is now at an all-time record and is about 10 percent of GDP. The fallout of running excessive budget deficits will likely be higher interest rates and slower and erratic long-term economic growth. Both would provide an unfavorable backdrop for the nation's housing sector.
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Homebuyers Expecting Too Much out of the Recovery
October 15, 2009
Homebuyers Overly Optimistic about Future Home Values | www.realestateeconomywatch.com
The Case-Shiller home price index has increased sharply during the past several months, suggesting that homebuyers are expecting future home values to rise. A recent homebuyer survey confirms that homebuyers expect home values to significantly rise over the next 10 years and I worry that they are becoming over exuberant once again.
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Some Mortgage Companies Could be in Trouble Next Year
October 14, 2009
Mortgage Lending Business Expected to Sink Next Year | www.realestateeconomywatch.com
According to the Mortgage Bankers Association's new forecast, mortgage origination volumes could plummet next year. That could be bad news for lenders that rely heavily on the refinancing side of the business.
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A Convincing Case for a Homebuyer Tax Credit Extension
October 6, 2009
Extend the Homebuyer Tax Credit | www.realestateeconomywatch.com
With the expiration date rapidly approaching, supporters of the tax credit fear that the housing recovery may stumble in the absence of this housing subsidy. Opponents believe that extending the program would be costly, expressing concerns about excessive government spending and a run-away federal budget deficit. They also believe that a tax credit program does not solve the problems of the housing sector; it only postpones dealing with those problems.
GLG Study Groups with David Lereah(?)
| Study Group Name | No. Members |
|---|---|
| Homebuilding Experts (Florida) | 92 |
GLG Live Meetings with David Lereah(?)
Recent Seminars
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March 15, 2007 | New York
GLGi: National Housing Market