President Obama will joining Spencer Rascoff, CEO of Zillow, for a virtual roundtable discussion on real estate Wednesday, August 7 at 10am.
For the first half of this year home prices have seen their largest gain in the last 7 years, since the height of the housing boom. Across the United States home values have also increased, according to the Standard & Poor’s/Case-Shiller index. With inventory across the largest 28 metro areas remaining tight (in the case of San Diego, there is less than a 3-month supply on homes for sale) this has contributed to the improved housing market.
This is a long way from where we were in 2008 when taxpayers bailed out Fannie Mae and Freddie Mac and both supply on homes for sale were high with prices that had dropped significantly. Based on this continued improvement President Obama has announced the intent to wind down the government involvement in the US mortgage finance market and today will answer questions regarding the wind down and other real estate issues.
If you have questions for President Obama regarding housing you can submit your questions in the following ways:
- Share your video question on social media outlets such as Vine, Instagram, Youtube, or the Zillow Facebook page using the hashtag #AskObamaHousing.
- Submit a question using the Zillow Facebook page.
- Tweet your question using the hashtag #AskObamaHousing to @Zillow.