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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The monthly report on housing starts released today from the U.S. Dept. of Commerce didn’t have the shock and awe of last month, when the report showed a whopping 14.2 percent free fall from the month before (that was actually revised even further to 14.8 percent by the way), but it still has analysts concerned.
Before you all go running to your mortgage brokers, screaming to refi your adjustable rate mortgages into good ol’ 30-year fixed rate loans under the “new temporary” conforming loan limits agreed to in the recently-signed stimulus package, take a breath. It might not be all Congress cracked it up to be.
I've gotten several emails about my post Big Builders Baffled and the previous post to that, Builders Don't Get Bail Out, So They "Bail" On Congress. The "issue" revolves around whether the National Association of Home Builders' Political Action Committee, BUILD-PAC, has agreed to cease all approvals and disbursements of BUILD-PAC contributions to federal congressional candidates and their PACs.
Late yesterday afternoon--amid many email releases from National Association of Home Builders, which is holding its annual convention in Orlando--came THIS statement from the NAHB President:
Another day, another press conference from Treasury Secretary Henry Paulson to announce another addendum to the “Hope Now” initiative to save troubled borrowers. I have to say I came away from this one scratching my head a bit more than usual.
You just can’t make this stuff up. Apparently even a big builder’s daughter can’t seem to keep faith in the Florida housing market. According to an SEC filing, Wendy Topkis, daughter of Toll Brothers co-founder and Vice-Chairman Bruce Toll, is walking away from a Florida condo, just like everyone else. A Toll Bros. condo!! The Palm Beach Post says it best: Et Tu Wendy?
One year ago today, HSBC announced its first writedown relating to subprime mortgages. So one year later, you have to ask, where are we in the process of saving subprime borrowers? Answer: damned if I know!
In their never-ending quest to put a positive spin on the housing market (it is, after all, their bread and butter), the Realtors (National Association of Realtors) today changed the way they report their annual housing forecast.
I don’t often get to chat with the CEOs of the big public builders anymore. Most of them can’t stand me because they think I’m to blame for the downfall of the housing market (What? Is my middle name Mozilo or something???).