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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Two very well-respected Columbia University business types are floating a plan today in the op-ed pages of the Wall Street Journal that they claim will fix the housing market and the greater economy.
In all the talk of all the differing bailout plans, one little mantra of all the lawmakers as well as the regulators and the President is, "Of course we won't bail out the speculators, those who made money investing in homes and then flipping them for a profit."
It could make a nice return for the government in the long run and would put jobs back into one of America’s manufacturing sectors, not to mention pump a bit of stock price back into the public builders
I am more convinced than ever today that the housing recession is fueled by a lack of confidence, and I am also more convinced than ever that restoring confidence in housing is going to take a lot more than just shoveling money at the banking industry.
I’m wondering exactly what’s going to precipitate that recovery? In order to answer that question I think you have to look at what’s currently wrong with housing, not what caused the housing recession or how far all the numbers have fallen.
I've been barraged by phone calls and emails all day from community activists screaming that troubled borrowers should be bailed out before any Wall Street bailout.
A lot of folks were turning the tables on some scary looking numbers yesterday, namely that housing starts and permits were down much farther than expected.
When you read today’s New Home Construction report from the Department of Commerce, it seems pretty ugly at face value. Starts are down 6.2 percent and building permits (an indicator of future starts) are down nearly 9 percent. Sounds pretty bad, right?