For many homeowners 55+, the goal is no longer downsizing, but aging in place

Endorsements of Home Equity Conversion Mortgages climbed higher in June, while securitization volume shrank, painting a mixed picture of the latest HECM trends.  Processing Content New HECM endorsements grew 4.9% on a monthly basis to 2,064 transactions, rising for the first time since March, according to the latest report from Reverse Market Insight. Volumes of…

Archer Aviation (ACHR 6.38%) recently slipped below $5, extending a decline that has surprised many investors. Yet the sell-off doesn’t appear to reflect a sudden deterioration in the company’s business. Instead, it reflects something more subtle. The market is changing how it evaluates Archer. A year ago, investors mainly cared about the company’s vision. Flying…

UTEX Storage Partners has secured a $42.5 million loan to refinance a two-property self-storage portfolio in Miami-area cities Coral Gables, Fla. and Pembroke Pines, Fla., Commercial Observer can first report.  Affinius Capital and Axonic Capital provided the debt — the fifth such joint origination between the two firms — while Greysteel’s Daniel Hartnett arranged the…

This as-told-to essay is based on a conversation with Jason Kidd, the chief operating officer at Chipotle, based in Newport Beach, California. It’s been edited for length and clarity. I’m the COO at Chipotle — and this is my dream job. I love the ability to influence and interact with so many people. I spent…

Existing-home prices just hit a new record high — but there are plenty of newly built homes selling at a discount, as desperate builders cut prices.