ARCHIVE FOR THE REAL ESTATE

The housing market is poised for a huge boost from a $15,000 tax credit for 2009 home buyers. A whole new world may open up for those individuals and for real estate professionals.

• An amendment to the American Recovery and Reinvestment Act of 2009 (H.R.1) just passed the Senate and is expected to cross President Obama’s desk fairly soon for his expected approval.

• Once the legislation becomes law, non-investors who buy a house this year may be able to claim 10% of a home’s purchase price — up to a $15,000 tax credit — on their 2009 tax return. They may also have an option to split the tax credit between 2 consecutive tax years.

A previous blog, Hot Career as a Real Estate Appraiser Expected to Sizzle in Future, discussed the projected future demand for real estate appraisers, which is just one of the careers that may be affected by this legislation. Students pursuing this field may choose online schools for their training. Real estate agents, mortgage loan officers, and paralegals are a few others for which online classes and training are available.

E-learning is popular with adult learners who yearn to return to school for an online degree or certificate program in order to obtain the knowledge and credentials necessary to become a successful real estate professional. And thankfully, there is no reason to belabor lost time when education options like online school are readily available for self-improvement.

This is a time to watch with hope, as this and other welcome changes infuse the economy like hot air giving rise to a soaring balloon.

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