Diana Olick is an Emmy Award-winning journalist, currently serving as CNBC's real estate correspondent as well as the author of the Realty Check section on CNBC.com. She also contributes her real estate expertise to NBC's "Today" and "NBC Nightly News with Brian Williams."
Prior to joining CNBC in 2002, Olick spent seven years as a correspondent for CBS News.
Olick began her career as a local news reporter at WABI-TV in Bangor, Maine; WZZM-TV in Grand Rapids, Mich.; and KIRO-TV in Seattle. She joined CBS in 1994 as a New York-based correspondent for the "CBS Evening News with Dan Rather" and "The Early Show." She also contributed pieces to "48 Hours" and "Sunday Morning." During that time, she covered such stories as the World Trade Center conspiracy trial and the Boston abortion clinic shooting.
In 1995, Olick was assigned to cover the Midwest as a Dallas bureau correspondent. In the three years she was there, she covered all forms of natural disaster, including the crash of TWA Flight 800, the JonBenet Ramsey murder mystery and was the exclusive correspondent for the trial of Oklahoma City bomber Terry Nichols. During that time, she also took a temporary assignment in CBS' Moscow bureau, where she chronicled the brief presidential campaign of Mikhail Gorbachev.
In 1998, Olick was reassigned to the New York bureau and then immediately posted to Bahrain for the buildup to a possible second Gulf War. A year later, she went to Albania to cover the U.S. military buildup during the conflict in Kosovo.
Upon her return, Olick was reassigned to CBS' Washington bureau and the Capitol Hill beat. During Campaign 2000, Olick covered the Senate campaign of First Lady Hillary Rodham Clinton and later joined the Bush campaign as a special correspondent for "The Early Show." That fall, she was named Supreme Court correspondent; her first case was Bush v. Gore.
Olick has a B.A. in comparative literature with a minor in soviet studies from Columbia College in New York and a master's degree in journalism from Northwestern's Medill School of Journalism.
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A little below the headlines about the latest housing rescue bill--that is, the Senate’s “Federal Housing Finance Regulatory Reform Act of 2008”--are the details of the bill: one of which could have some serious consequences for big ticket homes.
The whole deal is part of Fannie’s “Keys to Recovery” initiative, which is trying to promote “not just home-buying,” but home-owning. In other words, it’s going to help borrowers trying to refi out of troubled loans
I frankly can’t understand why anyone would think a bump in starts and especially permits is good news in any way, when home builders can’t give their houses away and immense quarterly write-downs of their assets scream that from the rooftops!
It’s another record in the real estate market, and it’s not a good one. RealtyTrac, the online foreclosure sale site, which has also been tracking foreclosure activity since the beginning of 2005, reports the single largest one-month volume of foreclosure activity it’s ever seen.
I get a press release probably once a week from the National Association of Home Builders on some or another green improvement, initiative, product or conference. So I was surprised by a study that claims none of America’s 13 largest publicly traded home builders has “fully embraced" the green market...
I’m doing a story on jumbo loans today and how their price and availability are affecting the million-dollar home buyers. In the course of my research, I decided to take a look at Greenwich, CT, one of my favorite enclaves of multi, multi-million-dollar homes.
Before Democrats could even utter the words, “housing,” “rescue,” “FHA” or “predatory,” President Bush had already let the threat fly: “I will veto the bill that's moving through the House today if it makes it to my desk.” Nuff said, Sir.
I have to say I never really bought the so-called “recovery” in the homebuilder stocks that we saw at the beginning of the year. There was a lot of talk of a “bottom” in the stocks, despite the fact that nobody is ready to call a bottom in the housing market.