Construction Trends: Accessory Dwelling Units
Anchor Loans
by Anchor Loans LP
2y ago
 2020 and 2021 were the years of the Accessory Dwelling Unit (ADU). These popular self-contained living spaces sprang up in backyards, basements and attics across the country to provide extra square footage for new work-from-home arrangements, distance learning solutions, multigenerational living possibilities, and more. What, exactly, is an ADU? When it comes to what can be described as an ADU, zoning laws differ by local municipality, but ADUs are typically an additional standalone structure on the lot of an existing single-family home. An ADU can also be as small as a 250 square foo ..read more
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2022 Real Estate Forecast: Experts Weigh In
Anchor Loans
by Anchor Loans LP
2y ago
As we ring in the New Year, let’s take a last look at some 2021 real estate milestones, and some predictions for 2022 from industry experts: 2021 LookbackIn 2021 the average home price skyrocketed nearly 20% year over year, according to the Federal Housing Finance Agency (FHFA). This increase marks the largest annual price growth in the history of the agency’s home price index. And, in some of the hottest markets across the country the price increase was double that! Despite the higher prices, in 2021 homes sold at a record pace, with mortgage rates and inventory levels hitting all-time low ..read more
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A Spectacular Year for Anchor Loans
Anchor Loans
by Anchor Loans LP
2y ago
What an exciting journey we’ve had together this year at Anchor Loans. As we head into the New Year, I want to thank our amazing team and all of our partners and stakeholders for making this yet another record-breaking year for us. Here are but a few of the many achievements and milestones we experienced together: The U.S. real estate market in 2021 was unbelievable. Month after month we saw new records for home prices, days on market, and fix-and-flip profits. In July Anchor held a Grand Reopening Party to celebrate finally being back in our Thousand Oaks, Calif. headquarters to ..read more
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California’s SB 9 Law Gives Single-Family Home Owners New Property Rights
Anchor Loans
by Kathleen Cross
2y ago
California Senate Bill 9, which in effect eliminates single-family zoning statewide, became law on September 16, 2021 and officially goes into effect on January 1st. Intended to increase housing availability and ease inventory shortages, SB 9 affords homeowners the right to build an additional residential structure on their property, or subdivide their property into smaller parcels to sell or build on. Lawmakers believe the option to split lots will increase opportunities for new homeownership and ease affordability challenges facing first-time buyers and renters. Property owners who do spl ..read more
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National Flood Insurance Program’s New “Risk Rating 2.0” May Cause Problems for Builders
Anchor Loans
by Anchor Loans LP
2y ago
With material costs soaring and natural disasters wreaking unprecedented havoc across the U.S., insurers are boosting flood insurance premiums. On October 1, the National Flood Insurance program – the main provider of flood coverage in the U.S.—rolled out a new pricing method called “Risk Rating 2.0” to more accurately reflect the flood risk individual properties face. Under the new system, some policyholders in vulnerable areas will face big premium increases, while others in less exposed areas will see smaller increases or even decreases. With this pricing change, homeowners in more flood-pr ..read more
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Career Advancement at Anchor Loans: We Grow Future Stars
Anchor Loans
by Anchor Loans LP
2y ago
Successful teams at the top of their game take pride in having a strong farm system to grow future stars. The same goes for Anchor Loans. At Anchor, our recruiting strategy is not about filling empty positions with warm bodies – we are looking for team members interested in career advancement who have the potential to learn, grow and thrive in our company. From day one, a new Anchor recruit enters a culture that offers work/life balance, a fun environment, and opportunities for career advancement. Many companies say they offer advancement opportunities, but nurturing careers is actually built ..read more
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Are 2021’s Record-Breaking Rent Prices Here to Stay?
Anchor Loans
by Anchor Loans LP
2y ago
While MFR industry watchers debate whether the record-breaking pace of apartment rent prices will slow as year-end approaches, recent data released in the Yardi Matrix National Multifamily Report suggests that any conclusions about prices slowing down may be premature. In October, nationwide asking rents were up 13.4% year over year, marking the highest annualized jump ever recorded by Yardi Matrix. The price surge brought the average U.S. asking rent in October to $1,572 — another record high. From the end of Q2 2021 to now, the average asking rent rose by $179 — A stunning amount, consideri ..read more
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Anchor Loans is Acquired by Pretium
Anchor Loans
by Anchor Loans LP
2y ago
We are thrilled to announce that Anchor has been acquired by Pretium, a specialized alternative investment management firm focused on US residential real estate, residential credit and corporate credit with more than $30 billion in assets. As part of Pretium, Anchor will continue to be led by our current management team and retain our headquarters here in Thousand Oaks.  We are extremely excited about this transaction and the opportunity it provides us to better serve our clients. This transaction gives Anchor even more tools to help our customers grow their businesses.  It will give ..read more
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HPIs Are Now in Record Territory: The Question is, Will They Stay There?
Anchor Loans
by Anchor Loans LP
2y ago
For different reasons, top housing economist say, Yes, HPIs will stay where they are. In July, the CoreLogic Housing Price Index (HPI) jumped 18% year-over-year—the biggest single increase in the 45-year history of the index. The big question now is: is this the top and where do prices go from here? Recently several top housing economists weighed in of the state of the market and what potentially will drive it going forward. Here’s what they are predicting and what trends they are watching closely. CoreLogic’s economists expect the market to moderate its red-hot pace but don’t see prices fa ..read more
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Is Home Staging my Flip Really Necessary in this Hot Market?
Anchor Loans
by Anchor Loans LP
3y ago
Considering the heat of the current single-family home market, some real estate investors are asking themselves if the added expense of home staging is really necessary. According to a Real Estate Staging Association (RESA) study conducted prior to the Covid-19 pandemic, of 1,081 sold homes studied, those that were staged prior to being listed sold on average in just 23 days. With current inventory shortages, homes in many U.S. markets today are moving even faster than that — staged or not. However, regardless of market heat, staging is rarely a waste of money and effort, since giving buyers ..read more
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