The head of a major U.S. real-estate company is calling on the White House to hold a “housing summit” to address some of the major hurdles holding back the housing market.

Such an event would give the “the benefit of unfiltered, real-time market feedback,” Realogy Corp. Chief Executive Richard Smith wrote in a letter sent to President Barack Obama.  Realogy owns major brokerages Century 21 and Coldwell Banker, among others.

Mr. Smith said the summit should bring together top business leaders from the real-estate, housing-finance and home-building industries.  Those groups have been pushing for Washington to relax proposed rules around mortgage securitization and to extend high-cost loan limits set to expire at the end of September.

‘Now that the debt ceiling is behind the administration, behind Congress, they need to focus on housing,” said Mr. Smith.

At a town hall meeting last month, President Obama conceded that the housing market recovery was faltering and that his administration would be “going back to the drawing board.”

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