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Realogy Calls for White House Summit on Housing

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RISMEDIA, August 9, 2011—Realogy Corporation, a leading provider of real estate and relocation services, recently announced that it has sent a formal request to President Obama and his Administration calling for a White House Summit on Housing.

“Housing has an enormous impact on our nation’s GDP and given its substantial influence on all aspects of the economy, we believe it warrants special attention from the White House,” says Realogy CEO Richard A. Smith. “The key to the proposed White House Summit on Housing would be its emphasis on bringing together real estate business leaders to make actionable recommendations designed to stimulate the growth necessary for a sustained recovery in housing, which would have an ensuing positive effect on job creation and the broader U.S. economy.”

“We believe that frontline business operators from the residential real estate industry would add a valuable perspective to the process, and this summit would give the Administration the benefit of unfiltered, real-time market feedback from business leaders who are residential brokerage operators, real estate franchisors, homebuilders, mortgage lenders and other related industry groups,” added Smith.

In his letter to the President, Smith concluded by stating, “Your leadership on this issue would bring together the top business minds of the residential real estate industry at a time when practical business experience may very well offer the guidance necessary to stimulate housing, and thus, the U.S. economy.”

For more information, visit www.reology.com.

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