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Obama to tout housing initiative in hard-hit Arizona

President Barack Obama speaks at the Ford Michigan Assembly Plant in Wayne, Mich., Wednesday, Jan. 7, 2015. Calling the 2009 federal auto bailout a success story, Obama touted steps taken by his administration that he said have brought the economy and U.S. manufacturing roaring back to life. (AP Photo/Paul Sancya)

Throughout Barack Obama's presidency, Arizona has served as a symbol of the nation's real estate crisis and recovery. When Obama visited Arizona within weeks of taking office in 2009, the state was among the hardest hit by the housing collapse and the White House was pushing multibillion-dollar programs to save homeowners from foreclosure.

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