C21 and Realogy Seeks White House Summit on Housing

Published On: August 9, 2011


While the economic news around the world is quite grim, we're proud to report that Century 21 and parent company, Realogy, want to be part of the solution.  Realogy, in a formal request to President Obama, has proposed a White House Summit on Housing to seek recommendations from Real Estate Business Leaders to help stimulate a sustained housing recovery. Here's a letter from Century 21 President and CEO, Rick Davidson explaining the proposal:

 

Dear CENTURY 21® Broker:

Earlier this morning our parent company, Realogy, issued a press release announcing the Company's formal request to President Obama calling for a White House Summit on Housing. Realogy asked the President and his Administration to seek recommendations from real estate business leaders to help stimulate a sustained housing recovery.

"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," said 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."

We are proud of Realogy's continued leadership on national housing issues, and hope you appreciate the Company's efforts on your behalf.

Sincerely,



Rick Davidson
President & CEO
Century 21 Real Estate LLC