In the metro Phoenix housing market, it's all a simple matter of supply and demand: too many homes for sale and not

enough buyers.

Of the people who are buying homes, more than a third are investors, snapping up mostly foreclosure homes at bargain prices and turning them into rentals. The

n u m b e r o f houses on the market remains h i g h , p a r t l y because many t r a d i t i o n a l homebuyers just aren't buying.

“Some of them want to buy - but can't.”

Mortgage requirements are tighter now than they have been in a generation, and many people who would like to get into the market can't qualify.

Some of them can buy - but won't.

Many renters today see friends and relatives burned by the housing collapse who now owe more than their homes are worth. They're reluctant to get in because they think home values will keep falling. Many young professionals say that they find such great bargains in rental homes, buying doesn't make financial sense. This

lack of traditional buyers shows in the latest market data.

Home prices in the region fell 5 percent in August, as did the number of home sales. It was the second consecutive month of declines.

Why Prices Are Still Dropping

OCTOBER 2010 BLOOM, VAN OMEN & ASSOCIATES .

Committed to Serving the needs of our Community

Some buyers would buy tomorrow if they could, and

others just don't feel the same way about homeownership as

their parents or even the generation before them did."

Your Dream Home Is Right Around The Corner

Are you ready for your dream home, because your dream home is ready for you

Community SupportOctober 20th, 2010

NSCC Anniversary

Come Jo in us for our fabu lous A n n i v e r s a r y Celebrat ion!  W e d n e s d a y , October 20th from 5:00 - 8:00pm Join us at the Chamber

Office for a wonderful evening under the awesome Arizona autumn sky for our Anniversary Celebration Enjoy lots of great  food, beverages, interactive booths and entertainment  from over  80 NSCC members.

North Scottsdale Farmers Market every Saturday from 8:00am - 1:00pm

Join us every Saturday morning for an amazing time at the north

scottsdale farmers market. With goodies to fresh

arizona produce, to fresh arizona wines. The market

also includes amazing edible from AZ cheese, olive oil, and many other great items.

Stop by anytime during the month of October the market is located at 9375 E Shea blvd, Scottsdale

El Pedregal Fall Wine & Jazz Concert Sundays in October

Free jazz concert at the Courtyard Stage amphitheater at el Pedregal in north S c o t t s d a l e . Admission is free, w i n e a n d f o o d a v a i l a b l e f o r purchase, no outside food or drink permitted, no pets. Performance begins at 1 p.m

With many different home types out there, let us help

you find the right one.

Many of the major news outlets through out the terms shot sale, foreclosure, REO, bank owned, and many others but what does it all mean and which one is right for you?

Short Sale - A Short Sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.

Short sales can be an amazing saving for you with the average arizona short sale being a 50% reduction form the original purchase price. The one downfall is that these types of sales can take months to close and can be delayed due to other issues.

REO / Bank Owned - is a class of property owned by a lender, t y p i c a l l y a b a n k , a f t e r a n unsuccessful sale at a foreclosure auction.

A bank will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the bank will legally repossess the property. After a repossession from which the property becomes classified as REO, the bank will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The bank will remove some of the liens and other expenses on the home and try to resell it to the public, either through future auctions or direct marketing through a real estate broker. The asset Manager will also try to contact REO realtors that specialize in certain zip codes to help sell this bank owned property. REO’s are another great buy due to the fact that they have had a further price reduction of an additional 5% - 10% past the short sale price. An additional benefit for an REO property is that they are vacant and the closing process is much quick. The one downfall is that most are sold AS-IS and any repairs are the buyers responsibility.

A Little About Andrew, David, & Our Families

Andrew R. Bloom grew up in Los Angeles where his mother instilled the value of hard work, dedication and the love for being a Real Estate Professional. Andrew continues his mother's legacy of understanding that the "people inside the houses" are the most important and fundamental component to the Real Estate transaction.

Armed with a degree in Social Work from A.S.U., Andrew delivers Real Estate services that are high-tech, and more importantly, high-touch. Andrew has a unique sense of knowing how to satisfy the specific needs and wants of each client.

Andrew's support services begin with his wife Babs. While staying at home with their 4 children, Babs manages to juggle several duties. Austin, Alexandra, Samantha and Michael each require full time attention. Having four children keeps Babs busy from dusk to dawn. In addition, Babs has a Real Estate license and enjoys being an important part of Andrew's career. Handling the home office requires Babs to know about each and every client Andrew is working with. Babs and the kids run around and restock fliers, run paperwork to clients and drag daddy out of the office for an occasional lunch.

David Van Omen David was born in Holland, Michigan and spent the first 15 years of his life growing up in a very beautiful Dutch town. In 1975 his parents moved to Scottsdale, AZ where he attended and graduated from Saguaro High School. In 1978 David enrolled at the University of Arizona graduating with a degree in Finance and Real Estate.

Today David and his wife Debi live in North Scottsdale in the Grayhawk community. They have been married for 27 years and have two sons, David and Michael. David and his family love Scottsdale and the state of Arizona. The parks, trails, schools, and all the activities in Grayhawk are what brought them to live the Grayhawk lifestyle. David believes in it so much that he has served on the Grayhawk Homeowners Advisory Board. The family loves parks and schools and you will often see David and his wife walking the Grayhawk trails in the early morning or late evening.

David started serving his clients right out of college and this year celebrates 28 years in the Real Estate Business. His communication and listening skills, with a very soft personal touch during and after the sale, are what keep his clients sending in the referrals.

David has achieved the highest awards available at RE/MAX, both the Platinum and Chairman’s club awards. “I love my job and I love working with my partner Andrew. We help people realize their dreams and we have more fun selling Real Estate than anyone can imagine.”

Fall Client Appreciation Event

As many of you know for years Andrew has been hosting his annual Super Bowl Party

As our business has continued to grow, all thanks to the amazing support from our clients. We have decided just one event every year is not enough we want to be able to see you on a more regular basis. We want to know how your families are, what you are doing in your life and also we want to be able to give back to the people that have trusted in us for so many years. We hope that all of you will join us as our guests in our fall event and on.

This years fall event will be held at ASU, for the ASU H o m e c o m i n g Fo o t b a l l Game Saturday October 31st, 2010 12:30 or 3:30 start time

We would like to invite you & your family to join us for an amazing time. We will all meet at Macayos Cantina Depot for great food and drink. All you have to do is simply RSVP to (480) 442 - 0285 or SeriousAboutRE@gmail.com, everything else will be taken care of. Your tickets your first drink at depot cantina and our food at depot cantina. Once the time of the game has been announced we will send out the time to everyone. Please RSVP by Oct 20th.

Happy Birthday To Our Amazing Clients!!!

We Love October Birthday’s

Bill AdamsJim BertoneScott BoswellDiana BrownArthur BrownBlake BrowningJeff BucherAddison CampbellDonna CarrTyler CarrollMegan CasselmanRobin DikowskiBrian DukeMelva EdwardsAdam EveloffAdrian FengKrista GoslandJoe GoslandJudy GrossAndrea HansonDaniel HarringtonRick HatchParker Holmgren

Mark HolmgrenAbigail HortonRobert HughesAlexandrea IngramKeith JacobsenKassidy JohnsonMatthew JunkerEllen KresleinMorgan KubickiBenny KuhlmanTyler KurekRobert KuskeNancy LebelRon LevinsonBruce MalchowSherry MaytorenaSuzanne McBrideDebbie McKayBruce MortensenDavid MortensenAri NaglerSandra NeilsonSteve Nelson

Jack NewellDaphne NewellWilliam NiemannJodi NiemannDevi Orlandell-MantonMegan PeterWendell PhillisKristi PottsPatty RecordEdward RichmanKevin RossKeith SawottkeMary SchulzAndrea SchwartzKurt SegerBrad SegerKathi ShaheenDebra SobelDaniel SpitlerLauren StockwellJeff StorckLisa StreichWesley Talley

Joseph TenczaTrey ThomsonStacie TowlerAysun TurkmenJim UrlaubEvelyn VogelWest WaldmanBroderick WalkerReed WhitmanOmar YoderOliver Zemtrovich

And Our Own David Van Omen 10-14 & Debbie Van Omen 10-31