For the past 18 years Stephen has been editor of REAL Trends and played a significant role in developing the REAL Trends 500, ranking the nation’s largest residential real estate firms and the REAL Trends Gathering of Eagles.  He is also editor of lore magazine and President of Murray Consulting, Inc.  Through REAL Trends, Stephen has played a significant role in several national studies, including “Room for Improvement” (2002); Perspectives on Financial Institutions in the Realty Business” (2003); “One Stop Shopping ”(2003) with RESPRO® and the Realty Alliance; and authored a study on the future, “From Homogeneity to Segmentation” (2004) for the National Association of REALTORS®.