Elkhart County Board of Real Estate Agent's and Evelyn Johnston with Prudential One Realty welcomed Congressman Joe Donnelly to our monthly meeting with open arms this morning at the Mattherhorn Conference Center. After a delicious meal Congressman Donnelly touched on the subjects of The Financial Services Committee, Veteran Affairs,, local economy and the Health Care Reform that has been so much in our news.
Congressman Donnelly stated that we are starting to see good signs here in Elkhart, local activity:
- Keystone is hiring 200 people and this is a conservative number
- Monoco is adding 300 people
- Dometic is busy
These are good signs, but it doesn't mean he is saying our whole economy will be turned around in a month. These are signs of recovery.
Next he thanks the Real Estate Industry in general for decades of driving the economy, making people's dream of home ownership come true, one home at a time. The Banking Industry is now making good solid loans to those who qualify:
- Back to the Basics
- Down Payment
- Good Credit
- Acceptable Debit to Income Ratio
He admitted that the Appraisal's we were getting were not reflecting the true value of the home and corrections have been made, and some over-corrections that are now being addressed to reach a balance. We are in much much better shape, according to Congressman Donnelly and are laying a good foundation of loan principles, very solid, we have a long way to go but we are recovering.
The Health Care Issue, even in this limited access group had some heat to it, and he said the Health Care Committee is going to work on an area of reform and get it right, then move on to another area and get that right and then move on to another area. The health care problem will not be reformed in a rushed manner.
Overall, the meeting was informative, the REALTOR(r)'s in attendance represented most of the Elkhart County Real Estate offices and appreciated having Congressman Donnelly talk about the issues that are important for our full recovery in Elkhart County and in the State of Indiana.