Tuesday, June 30th, 2009

Meditation:
Done

Gratitude:
I am grateful that I had a great day yesterday, starting with talking to all my friends and past clients about residential real estate services and one of my past clients is ready to sell their home and we are going out to help them.
I am grateful to sit down and talk to Val and Joey at Project Stand about their project and see how CNP and Project Stand to work to together.
I am grateful that I felt inspired and empowered and focused yesterday and my intention is to feel like that again today.
I am grateful to feel so inspired about all the possibilities in my life, from my residential real estate, development and investment real estate and Contribution Networking Party (CNP).
I am grateful to be clear on my WHY in all areas, real estate business, CNP and I feel like I just re-invented a new Thach again.

Intention:
Feel good
Inspire and Empower
Expect miracles and magic today

Delegation:
I am so thankful for my Divine Team (God or Universe) for assisting me with…
Receiving one perfect new client everyday I work Monday-Friday in residential real estate or something better.
Receiving one perfect deal that I bought and flip it and made $1million on or before 12/31/09 or s.b.
Putting together the Dream Team for . . . for affordable housing for the community or s.b.
Aligning me up with that one person or company that has 100’s of houses that they need to sell and we form a perfect partnership together or s.b.

Monday, June 29th, 2009

Meditation:
Done

Gratitude:
I am grateful for my wife Camie and how she is always checking me in my place and challenging me on being grounded, building wealth, letting go of disempowering beliefs, and many others.
I am grateful for my two kids, they remind me of how simple life is and they keep life in perspective on what is important.
I am grateful for my health and well-being, without that what do you have.
I am grateful for getting out this morning and going out for my morning run, meditation, and now doing my G.I.D.
I am grateful for running into Ron Rubin this morning and we had a great conversation on how to be a huge contribution to the people in the world about real estate. More to come, Thanks Ron!!
I am grateful that I am clear on my strength in business, out of everything I know the #1 strength is PROSPECTING!!!!!!

Intention:
I am intending today to…
Feel good
Think, speak, and act like the person who I wrote about in my 2014 dream letter.
Have faith and confidence that what I want is coming more and more everyday, be alert!!
Let go of what I think it should look like and let the universe do its job.
Have fun and don’t take everything so seriously .

Delegation:
I am so thankful for my Divine Team (universe or God) for assisting me with…
Creating the ideal platform where I can make a difference to hundreds and millions of people around the world about building wealth and being a contribution in the world or something better.
(Something just came through me after I just wrote this, ok here is this…)
Aligning me with all the experts around building wealth, from learning how to think about money, learning how to make money, save money and invest your money and together we co-create tele-seminars, live events, coaching, products and it all encapsulated in CONTRIBUTION or something better.
Aligning me with all the perfect people who are alignment with my 2014 vision and we co-create our vision together or something better.

Friday, June 26th, 2009

Meditation:
Done

Gratitude:
I am grateful for receiving an offer and it looked really good.
I am grateful for the run this morning with my wife Camie and we had a great talk today about our real estate biz.
I am grateful for my two sons Russell and Hudson for being so happy and just playing like there ‘s problem in the world.
I am grateful for being be able to re-invent myself again in real estate and be inspired to really be a superstar realtor for others.
I am grateful for being in the space where I have the opportunity to choose and do the best I can for myself and for others.
I am grateful for being alive, there’s so much to live for and so many people to inspire in the world for me.

Intention:
I am intending today to…
Feel good
Be grateful
Stand in my big vision and feel the essence of what I want.
Listen to the universe on guiding me on what inspired action to take from there that is aligned with my vision.
Watch, listen, see and acknowledge the magic and the miracles that are happening in my life today.

Delegation:
I am so thankful for my Divine Team for assisting me with…
Having 5 new listings and they are from all perfect sellers and they are super motivated to sell now and they all got offers within the month of July or something better.
Having 5 new buyers and they are all perfect buyers and they want to buy now and they all find the perfect home in July and close smoothly or something better.
Receiving 5 transactions from my Beacon Hill postcard in July from all clients who have heard or have seen me and they are perfect clients or something better.
Aligning myself with one deal or opportunity that made me 1 million this year or something better.
Having 120 units of my building at Moda Apartment in Belltown be all least up in the next 90 days or something better.
Having the12 units of my building in West Seattle be fully leased up to all perfect tenants and we got $1600 per month or something better.
Having my 26 unit project on Willow St be all rented out to First Place and Seattle Housing Authority gave them all the section 8 vouchers and BOA did the community loan on it this year or s.b.
Having my house in Leshi get an offer in month for the perfect price for us to sign off and it close in July or s.b

The Market Is Picking Up

This article is from the NW Multiple Listing Service

Inventory shrinking, sales rising, prices stabilizing
in some Northwest MLS areas

KIRKLAND, WA, June 4, 2009 – Waiting longer to buy a home is not likely to pay off, according to Northwest Multiple Listing Service director Kathy Estey after reviewing reports summarizing May activity. Estey pointed to shrinking inventory (about 20 percent fewer listings than a year ago), double-digit increases in the number of pending sales (up 17.7 percent from a year ago), solid open house activity, and signs of stabilizing prices (eight of the 19 counties in the report show price gains since January) as indicators of an improving market.

Northwest MLS brokers notched 7,160 pending sales during May. That total out-gained the year-ago tally by 1,075 transactions (up 17.7 percent) and improved on April’s total by 242 sales for a 3.5 percent increase. For the four-county Puget Sound area, pending sales jumped 21.5 percent from a year ago, rising from 4,526 to 5,498 transactions.

Buyers had fewer choices during May than at this time a year ago. At month-end, member-brokers reported 41,318 active listings throughout the NWMLS service area. A year ago, there were 51,817 active listings. Current inventory includes 11,278 single family homes and condos that brokers added during May. For the same month a year ago, brokers added 14,176 new listings to inventory.

Estey, the managing broker at the Bellevue Downtown office of John L. Scott Real Estate, said affordable homes inventory is down to the levels of a normal market and reaching for a sellers’ market. “Multiple offers are common in the under $400,000 range when the home is priced well, shows nicely and is marketed professionally,” she remarked. “Buyers who are waiting for prices to come down more have missed the bottom,” Estey believes.

Close in markets are the most active, with rural areas still lagging, but Estey says there is now some activity where little to none had existed in the first quarter. She believes prices have adjusted and completed new construction is still a very attractive purchase. “Builder inventory is being absorbed and there are fewer incentives. In January builders were giving away the farm, by March it was only half the farm and now they may just give away a chicken or two in order to make the deal.”

Prices are showing signs of stabilizing, according to NWMLS data. Prices area-wide are down around 10 percent from twelve months ago, but a comparison to January shows price gains in eight of the 19 counties in the NWMLS report. System-wide, prices for single family homes and condominiums that closed last month are up about 2.6 percent since January. (See chart, page5.)

In King County, prices dipped about 12 percent from twelve months ago and have declined about 3.5 percent since January, but a closer look shows considerable variation within sub-areas. Prices in southeast King County fell 20 percent from a year ago, but since January are down only about 2.8 percent in north King County.

Condominium activity remains slow. Pending sales are down about 15 percent from a year ago. The median sales price of $240,000 is about 7.7 percent lower than a year ago. Condos in King County sold for a median price of $270,450 last month, which compares to the year-ago price of $287,925, a drop of about 6 percent).

Demand for high-priced homes is also tepid. According to Estey, there are “amazing opportunities for buyers with good credit scores and 25 percent down payment in the $900,000- plus marketplace.”

“What we’re currently seeing is real estate’s version of Back to the Future,” said J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. He believes the combination of historically low interest rates, adjusted lower prices, and the $8,000 tax credit has created advantageous conditions for buyers that haven’t been seen in decades. He noted sales in the four-county area continue to see double digit increases. “The more affordable markets are seeing a major boost which is leading to higher sales in the mid-priced markets and causing some increases in activity in the upper end,” Scott remarked.

While cheered by the more vigorous activity, brokers note short sales and foreclosures continue to be a drag on the market. Such properties, often sold at deep discounts, may take extraordinary time to close once there has been mutual acceptance of an offer. (Note to editors: see explanatory note, p. .5)

NWMLS director Meribeth Hutchings, broker/owner of Windermere Real Estate/Lake Stevens Inc., said her office represents the buyer of a short sale that has been pending since October. The buyers who hope to purchase the home in Mukilteo have been very patient, but are becoming less so and are ready to move from the small apartment where they have been living with two large dogs. “Every time we think we are getting close, the lender changes what they want,” Hutchings stated.

Another NWMLS director, Pat Grimm, reported similar experiences with a short sale. “We just closed one in Montlake on May 28 — after the parties to the transaction reached mutual acceptance on Feb. 10, said Grimm, the owner/broker at Windermere Real Estate/Capitol Hill. (NWMLS defines a short sale as a transaction that does not produce sufficient funds to cover the existing monetary encumbrances against the property, closing costs, real estate commissions, and other financial requirements of closing.)

Tacoma broker Dick Beeson of Windermere/Commencement Associates said he has several agents deeply involved in handling short sales since Pierce County is so hard hit. He estimates around 25 percent of all properties for sale are either bank owned or short sale, and one of every three pending sales is one or the other.

“Short sales play a big role in what many buyers are looking for,” according to Beeson, who also noted these buyers often fail to realize the extraordinary length of time it takes to close a sale – generally twice as long as a conventional sale. “Many get discouraged after 60 or 90 days and withdraw from a sale, never having received notice form the underlying lender what they are willing to take for the property. Many properties end up going to foreclosure because of the inefficiency of the banks in providing answers to offers,” Beeson commented.

The recent uptick in pending sales, both locally and nationally, is a hopeful sign that we’re putting the worst of the market behind us, suggests Ron Sparks, managing vice president at Coldwell Banker Bain.

“As you would expect in a recovering market, not all neighborhoods are uniformly performing, and for home sellers particularly, there are plenty of challenges that remain.” However, he observed, “In many neighborhoods where just a few years ago broad affordability had all but vanished, lower prices, flexible terms and very low interest rates are pushing inventory absorption for single family homes to levels not seen since 2007.”

Sparks said multiple offers for the best listed properties are occurring everywhere, including Pierce and Snohomish counties. “Improving sales in one neighborhood helps dwindle inventory, and can push motivated buyers to search for homes in other neighborhoods. This process typically occurs before prices start to stabilize,” he explained.

Has that stabilization begun? “As my old Magic 8-Ball used to tell me: signs point to yes,” according to Sparks, who noted eight counties served by the NWMLS have seen price increases since January. “The sales volume in my Bellevue office is now roughly 10 times what it was in February, with expanded sales in almost every price category. Overall inventory levels have dropped substantially as well. Does this mean the optimal time for home buyers to take full advantage of favorable market conditions has passed? I’d probably defer that to the Magic 8 ball also…“Ask again later.”

Recent fluctuations in mortgage rates have brokers and buyers alike wondering if rates will escalate as inflation worries return.

“While rates now are wonderfully low, waiting has cost buyers. Loans recently available for 4.75% are now 5.25%,” according to broker Kathy Estey. On a $400,000 loan, that means the monthly payment rises from around $2,128 to about $2,253 – and increase of nearly $125. She believes it would be wise to act now for the best selection in the affordable homes. “Who knows if we will see rates of 5% or below again anytime soon,” she wonders.

Commenting on a recent report from the National Association of Realtors showing a third consecutive month of improving pending sales, Lawrence Yun, NAR chief economist, said buyers are responding to very favorable market conditions. “Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market,” he said. “Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers.”

Northwest Multiple Listing Service, owned by its member brokers, is the largest full-service MLS in the Northwest. Its membership includes approximately 28,000 brokers and agents. The organization, based in Kirkland, currently serves 19 counties in western and central Washington.

Statistical Summary by Counties: Market Activity Summary - May 2009 (updated June 5)

May 2009 Single Family Homes + Condos	LISTINGS		PENDING SALES	CLOSED SALES
	New Listings	Total Active	# Pending Sales	# Closings	Average Price	Median Price
King	4310	13537	2801	1618	$423,875	$351,500
Snohomish	1759	5656	1160	666	$325,502	$299,950
Pierce	1632	6088	1196	643	$252,431	$225,000
Kitsap	531	2005	341	219	$292,797	$240,000
Mason	182	812	73	56	$189,062	$161,405
Skagit	258	1369	140	78	$251,548	$207,250
Grays Harbor	180	840	75	63	$139,161	$114,000
Lewis	152	722	78	40	$159,230	$138,150
Cowlitz	113	657	82	55	$194,685	$177,900
Grant	145	724	73	36	$166,956	$148,450
Thurston	521	1722	406	214	$273,164	$247,000
San Juan	64	499	14	4	$464,750	$410,000
Island	253	1136	107	86	$299,378	$248,500
Kittitas	152	612	48	38	$250,716	$170,000
Jefferson	84	562	34	12	$298,000	$294,500
Okanogan	86	386	27	17	$159,435	$140,000
Whatcom	496	2024	311	179	$269,633	$250,000
Clark	106	408	64	57	$229,296	$206,900
Pacific	60	404	39	13	$157,333	$175,000
Others	194	1155	91	60	$218,748	$214,000
MLS TOTAL	11,278	41,318	7,160	4,154	$329,680	$280,000

4-County Puget Sound Region Pending Sales (SFH + Condo combined)
(Totals include King, Snohomish, Pierce & Kitsap counties)

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2000	3706	4778	5903	5116	5490	5079	4928	5432	4569	4675	4126	3166
2001	4334	5056	5722	5399	5631	5568	5434	5544	4040	4387	4155	3430
2002	4293	4735	5569	5436	6131	5212	5525	6215	5394	5777	4966	4153
2003	4746	5290	6889	6837	7148	7202	7673	7135	6698	6552	4904	4454
2004	4521	6284	8073	7910	7888	8186	7583	7464	6984	6761	6228	5195
2005	5426	6833	8801	8420	8610	8896	8207	8784	7561	7157	6188	4837
2006	5275	6032	8174	7651	8411	8094	7121	7692	6216	6403	5292	4346
2007	4869	6239	7192	6974	7311	6876	6371	5580	4153	4447	3896	2975
2008	3291	4167	4520	4624	4526	4765	4580	4584	4445	3346	2841	2432
2009	3250	3407	4262	5372	5498

2009 Median Prices, Closed Sales (SFH + Condo combined)

	Jan	Feb	Mar	Apr	May	Change since Jan
King	$364,137	$348,000	$335,000	$350,000	$351,500	-3.47%
Snohomish	$295,000	$301,750	$304,950	$290,000	$299,950	1.68%
Pierce	$235,000	$239,950	$228,375	$225,000	$225,000	-4.26%
Kitsap	$234,200	$225,000	$246,495	$240,000	$240,000	2.48%
Mason	$170,900	$147,075	$130,000	$137,550	$161,405	-5.56%
Skagit	$246,950	$252,500	$240,000	$225,000	$207,250	-16.08%
Grays Harbor	$155,855	$131,200	$142,250	$150,000	$114,000	-26.86%
Lewis	$158,250	$162,000	$166,000	$174,950	$138,150	-12.70%
Cowlitz	$161,500	$151,250	$180,000	$179,000	$177,900	10.15%
Grant	$152,557	$166,539	$145,125	$144,000	$148,450	-2.69%
Thurston	$239,950	$259,000	$240,000	$232,600	$247,000	2.94%
San Juan	$573,500	$520,000	$1,162,500	$226,000	$410,000	-28.51%
Island	$243,803	$247,000	$248,500	$244,450	$248,500	1.93%
Kittitas	$230,000	$210,000	$206,675	$196,000	$170,000	-26.09%
Jefferson	$227,500	$325,000	$238,730	$213,750	$294,500	29.45%
Okanogan	$139,000	$137,450	$110,000	$149,000	$140,000	0.72%
Whatcom	$245,000	$246,218	$257,000	$259,450	$250,000	2.04%
Clark	$221,000	$236,375	$248,750	$202,500	$206,900	-6.38%
Pacific	$182,000	$122,500	$147,000	$135,000	$175,000	-3.85%
Others	$183,500	$193,371	$186,500	$224,500	$214,000	16.62%
Total	$273,000	$278,000	$270,000	$270,000	$280,000	2.56%

©Copyright Northwest Multiple Listing Service, ALL RIGHTS RESERVED.

Thach Discusses The Law of Attraction Part 10

This is Thach’s tenth installment for his discussion on The Law of Attraction. Check out the other nine installments in The Power of Intention category.

Find more videos like this on Contribution Networking Party

Thach’s Latest Wins

Listen as Thach works with his coach Matthew Ferry on his latest ventures surround The Contribution Game.

Click to listen

The Recovery of Housing Construction

The Commerce Department reported this week that although housing construction nationally recovered somewhat in May from previous months  it is still 45 percent below the level of the year before.

This article lists the top metro areas where builders are receiving permits to build.

Click to read

Thursday, June 25th, 2009

Meditation:
Done

Gratitude:
I am so grateful for having the big network of resources that I have worked so hard for.
I am so grateful for the great relationships that I have with my coaches, mentors and partners both personally and professionally.
I am so grateful for all of my spiritual teachers I have in my life and that they are always looking out for me.
I am so grateful for all of the creative ideas I come through that is aligned with my vision that i am standing in.
I am so grateful for my kids, wife and family for always coming together and helping each other.
I am so grateful for of the real estate opportunity that i been receiving and all the new opportunity that is coming in everyday.

Intention:
I am intending today to…
Feel good.
Stand in my vision and not in my fear.
Know and act like it is already certain.
Feel wealthy and full of abundance.
Think, feel and act like my vision and goals are already done. That is inspiring!

Delegation:
I am so thankful for my Divine Team for assisting me with…
Having the rest of my units at Moda (120) fully leased up to the perfect renters in the next 90 days or sooner.
Aligning all of the perfect events at Moda and it creates so much great attention for Belltown.
Showing me the perfect area where we can be a huge contribution to the consumer in Seattle about residential real estate and in return my team generates 20+ deals per month or s.b.
Creating a platform where I inspire and empower billions of people to reach for their dreams and God gives me a dollar for every person that I make a difference to or s.b.

Getting Prepared

Listen as Thach is guided by his speaking coach Connie Miller on how to create the perfect talk for his upcoming engagement with NAAAP.

Click to listen

Monday, June 22nd, 2009

Meditation:
Complete

Gratitude:
I am so grateful for having over 500+ people at our “Es sense of Belltown” event at Moda and everyone had a great time.
I am so grateful for my friend Keven Stirdivant for helping create the event and for bringing LRG clothing for the fashion show.
I am so grateful for the rain because it caused people to leave and it allowed new people to go to the rooftop.
I am so grateful for all of the restaurants and retails for being part of the Moda event.
I am so grateful for everyone who helped create and organize the Moda event.
I am so grateful for spending time with my family and visiting my dad who passed away about 2 years ago.
I am so grateful for my Medina listing for being sold again to a perfect buyer.

Intention:
Today I am intending to…
Feel good
Be inspired and creative about generating 10+ transaction every month.
Have faith and certainty that ALL of my goals and dreams will unfold perfectly.

Delegation:
I am so thankful for my Divine Team for assisting me with…
Having 100+ new leases signed and moved into Moda in the next 30 days or s.b.
Bring me new ideas on how to generate 10 to 20 transactions every month with all perfect clients or s.b.
Aligning me with perfect people who need a Realtor like me to move  their property fast right now or s.b.
Having the perfect 100 people who are my true advocates and we support each other 100% or s.b.

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