In this week's episode, host Jimmy Mortgage sits down with mortgage industry expert and ”econ nerd” Arjun Dhingra to dive deep into the current state of the housing market and provide actionable advice for mortgage professionals.

Housing Market Reality Check Arjun cuts through the media noise and doom-and-gloom narratives to reveal the fundamental truth about today's housing market: there's still a massive supply-demand imbalance with roughly 4 to 4.5 million buyers actively seeking homes with insufficient inventory to meet demand. He emphasizes that despite higher interest rates, the market remains fundamentally strong, contrasting today's environment with the unhealthy low-rate COVID market that artificially inflated prices through excessive money printing.

The conversation explores regional differences, particularly highlighting the Bay Area's continued strength driven by its position as the global tech hub and emerging biotech center. Arjun notes how tech investment has spread beyond San Francisco proper into areas like San Jose, benefiting from a significant capital influx. The discussion also touches on tax implications, comparing California's relatively lower property tax rates (around 1.25%) to East Coast markets like New Jersey and New York, where million-dollar homes can carry annual tax burdens exceeding $15,000.

San Francisco's Transformation Arjun provides candid insights into San Francisco's recent challenges and recovery efforts under new Mayor Lurie. He shares personal experiences from the pandemic era, including witnessing the city's struggles with homelessness and public safety issues that impacted commercial real estate and downtown condo markets. The new mayor's approach focuses on accountability, reducing government waste, and attracting AI companies to repurpose abandoned office spaces, with early signs of improvement in street conditions and overall city management.

Arjun outlines his framework for mortgage professionals to thrive in today's competitive landscape. 

Arjun shares his background as a former Team USA Taekwondo competitor and coach, highlighting the parallels between sports discipline and business success. He introduces his ”Better Human Project,” an initiative focused on developing both heart and mind, emphasizing that professionals with full hearts (love for their craft and clients) and clear minds will naturally achieve greater financial success and sustainability.

Upcoming Events Arjun mentions the upcoming Forward conference in July (July 11th-12th) and teases a Bay Area business event planned for November, along with the continuation of his Better Human Project events focused on personal development rather than technical business topics.

Connect with Arjun Dhingra

https://www.instagram.com/arjunmortgage/

https://link.chtbl.com/NZPPqZmG?utm_source=hoobe&utm_medium=social

https://www.tiktok.com/@arjunmortgage?is_from_webapp=1&sender_device=pc

https://www.linkedin.com/in/arjunmortgage/?utm_source=hoobe&utm_medium=social

Connect With Your Host Jimmy Mortgage

https://www.instagram.com/jimmy.mortgage/

https://www.youtube.com/  @‌jimmymortgage9515 https://www.linkedin.com/in/jimmy-mortgage-mba-431b8a6/

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