David Lereah

David A. Lereah, president of Reecon Advisors, is a recognized economic expert in the real estate and financial services industries. Dr. Lereah and his research staff were responsible for creating two of the nation’s most powerful real estate indicators—the Mortgage Bankers Association’s Weekly Mortgage Application Indexes and the National Association of Realtor’s Pending Home Sales Index. Dr. Lereah was Senior Vice President and Chief Economist of the National Association of Realtors where he served as the association's spokesman on the U.S. economy, the housing and real estate markets as well as other economic and policy issues affecting the real estate industry in the U.S. and abroad. He directed the Association's Research Division, the Regulatory and Industry Relations Division, the Real Estate Services Group and Strategic Planning activities for the Association. Prior to NAR, he was Chief Economist for the Mortgage Bankers Association of America and acted as its Chief Operating Officer with responsibility for the Association's Research, Business Development, Industry Technology, Education, Marketing, Public Affairs and Meetings divisions. He also had responsibility for the Association’s Research Institute for Housing America and Societas, an international lending institute. He also served as President and Chief Executive Officer of Lender Technologies Corporation – a wholly owned subsidiary of the MBA which specializes in technology and information solutions for the mortgage lending industry.

Lereah was Managing Principal and Chief Executive Officer of Vantage Financial Group, Inc., a consulting company focusing on financial and investment management for the banking and real estate industries. He also was the Chief Economist of Sovran Bank (predecessor of NationsBank and BankAmerica) in Richmond, Virginia, and served on the Asset/Liability and Investment Committees for the holding company. Lereah spent several years as a bank regulator and a Financial Economist for the Federal Deposit Insurance Corporation. He also was a member of the American Bankers Association's Economic Advisory Council. Dr. Lereah began his career on the faculties at the University of Virginia and the Graduate School of Management at Rutgers University, where he specialized in banking issues, market information problems and financial market research.

To provide insight and advice to professionals and companies involved in the real estate sector, Lereah founded Reecon Advisors in 2007. Reecon Advisors publishes the Reecon Advisory Report, a weekly newsletter providing insight and intelligence on the residential real estate markets. The company also provides real estate content packages for company web sites throughout the nation. In addition, Dr. Lereah is available to conduct customized research projects and advisory consultation.