Business Services Industry

Leading Real Estate Economist, David Lereah, Joins Move, Inc. as New Executive Vice President and Chairman of New Venture

WESTLAKE VILLAGE, Calif. -- Move, Inc. (NASDAQ:MOVE), the media leader for the when, where and how to move, announced today that Dr. David Lereah has joined the company as an executive vice president for Move, Inc. and serve as chairman and partner with Allan Dalton, who will be the president and CEO, of a new business entity which will launch in the third quarter of 2007 and which is expected to be transformational for both consumers and real estate professionals.

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Lereah is the nation's leading real estate economist. For seven years, he has served as senior vice president and chief economist of the NATIONAL ASSOCIATION OF REALTORS[R] (NAR) 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 industry in the U.S. and abroad. He also directed the Association's Research Division, the Regulatory and Industry Relations Division, the Real Estate Services Group and Strategic Planning Activities for the Association.

"With the addition of David's unique qualification and expertise as an economist, Move will continue to be recognized and sought out as the leading online real estate destination with the most comprehensive information available to real estate professionals and consumers," said Mike Long, chief executive officer of Move, Inc. "After serving as the spokesperson for the NAR for many years, David brings vast real estate savvy and knowledge to the company. He will help guide us in our next phase of growth and expansion with new ventures as well as serving as the company's spokesman on economic and real estate issues."

Lereah is recognized as a leading expert in the real estate and financial services industries and his career has included tenures with private industry, government, and academia. Prior to joining NAR, he was chief economist for the Mortgage Bankers Association of America (MBA) and acted as the COO with responsibility for MBA's Research, Business Development, Industry Technology, Education, Marketing, Public Affairs and Meetings divisions. He also had responsibility for the MBA's Research Institute for Housing America and Societas, an international lending institute. At the same time he 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.

"David Lereah has established himself as the ultimate expert for the real estate industry," said Allan Dalton. "Having David partner with me on this new venture will ensure that consumers and the industry will benefit from his unparalleled knowledge of financial issues and the real estate marketplace."

Prior to Mortgage Bankers Association of America (MBA), 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 (FDIC). In that capacity, he authored numerous articles on bank management and hedging strategies. He also was a member of the American Bankers Association's Economic Advisory Counsel. 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.

Lereah's economic and real estate market commentary is regularly quoted in major news media including the Wall Street Journal, New York Times, BusinessWeek, USA Today, CNN Business News, CNBC, CBS Evening News and C-SPAN. Dr. Lereah has also served as an expert witness, testifying on economic and financial services issues before the U.S. Congress. He is a prolific speaker, giving presentations and seminars on economic, real estate and investment issues throughout the U.S. and other countries. He has written numerous articles and books on finance, investments and real estate, and his new book, "All Real Estate is Local," was released in March 2007 published by Doubleday, Random House.

Lereah has served on a number of Board of Directors/Advisory Councils, including Velao Interactive Solutions Corporation, EZ Archive Corporation, The Harvard University Industrial Economist Council, The Burnham-Moores Center for Real Estate at the University of San Diego, The Gerson Lehman Advisory Council and the National Housing Conference, Center for Housing Policy. Dr. Lereah received his B.A. in Economics & Marketing from American University, Washington, D.C. and his Ph.D. in Economics from the University of Virginia, Charlottesville, Virginia.

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Business Services Industry

Leading Real Estate Economist, David Lereah, Joins Move, Inc. as New Executive Vice President and Chairman of New Venture

Business Wire, April 30, 2007

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