Rising interest rates, uncertain economy haven’t slowed homebuilding in region yet
Despite rising interest rates and a potentially slowing U.S. economy, homebuilders and residential developers seem eager to build in the tri-county region. The costs of materials and labor to build new homes have increased, and rising interest rates means potential homebuyers have to pay more mortgage interest, leaving less money for the principal. Developers are Read More →
Olaplex shares drop 10% after Q2 earnings release
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Inogen beats Q2 estimates, but shares still drop
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Procore reports growing revenue and shrinking losses, but narrowly misses analysts’ Q2 estimates
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Montecito Bank & Trust assets approach $2.5B
Montecito Bank & Trust, the biggest bank based in the tri-county region, reported total assets increased nearly 13% during the 12 months ending June 30. The Santa Barbara-based bank saw total assets grow $276.45 million during the period, closing at $2.46 billion, it said in a quarterly report released Aug. 5. Montecito Bank & Trust Read More →
Wine Buzz: ‘Exodus’ by insurance carriers leaves wineries in the lurch
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Real Estate: ‘Trophy asset’ apartment building in Santa Barbara sells for $4M
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