Diana Olick is a CNBC Reporter. Based at the network’s Washington D.C. bureau, Olick covers the real estate market and reports a CNBC series called “Boomer Nation,” which she conceived and launched.
More Americans are renting homes, and fewer are owning them; it’s not as if this is news to anyone who follows the U.S. housing market, but a new report from the Census Bureau today really put an historical exclamation point on the trend. Read More
Big jumps in foreclosure activity in cities like Pittsburgh, Indianapolis, New York and Raleigh pushed the national numbers higher in the first three months of this year, according to a new report from RealtyTrac. Read More
More buyers signed contracts to buy existing homes in March than the previous month, according to a new report, prompting one expert to say, “The housing market has clearly turned the corner.” Read More
It’s not crashing again, it’s just bouncing along a bottom, which means the recovery, as we’ve been warning all along, becomes increasingly local. Read More
A slew of new numbers from the housing market confirm that a warm spring did in fact pull sales forward, but the new activity was not enough to bring home prices out of their decline significantly. Read More
It was one of the worst housing markets in the U.S., but now investors are swarming over foreclosures in Phoenix, Arizona, in search of big rental returns. Read More
Without a strong recovery in the job market and a big loosening in credit, which does not appear to be the case, regular demand for home purchases will remain soft. Read More
We’re still seeing big demand in the multi-family sector, but single family is still faltering. Depending on what kind of builder or investor you are, you’re going to see the housing starts numbers differently. Read More
In a stark reversal during the heart of the spring housing market, confidence among the nation’s homebuilders dropped in April to levels not seen since January. Read More