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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I’m seeing them all over the place now. “For Rent” signs, not on high-rise apartment buildings, or multi-family units, but on regular old single-family homes. Some say it’s a sign of the bottom. Here’s the rationale: when things get really and truly bad enough for people to give up the idea of selling their homes, they put them up for rent and move on.
I was doing an interview with an analyst at Raymond James today, asking questions about which of the big public builders are better-positioned to survive this housing downturn and actually gain market share, when we ended up going off on a tangent that I find fascinating.
We’ve always said it, but now there is proof. A new study from Peter D Hart Research finds only 51% of the 500 borrowers surveyed say they are very informed about their mortgage’s terms and conditions. 18% of borrowers don’t even know their current interest rate. 25% don’t know when their lender will next be able to raise their rate.
I didn’t make a big deal about it a few weeks ago, when I heard that Countrywide was launching a public relations blitz after months and months of negative publicity and talk of massive layoffs at the massive mortgage lender.
I’d like to thank the folks in Norway for choosing to announce Al Gore’s Nobel Prize win today, as opposed to say next Friday or last Friday. For months now, I’ve been pitching a story on the Solar Decathlon, a competition going on now on the National Mall that happens every two years and brings students from universities in the U.S. and Canada together to show off the best and brightest in green building.
I don’t own any stock. That’s not by choice, but by CNBC edict. I just want that out there. Reporters are not allowed to own stock, unless it’s GE (parent company) in the 401K, because we report on companies constantly, and there cannot be any appearance of bias for gain, etc. We report on companies, we do not run them. That’s my preface to this post.
I have spoken to a representative of Wells Fargo this morning, who is very concerned that my blog of yesterday is inaccurate. She says that the WF official at the event did have to leave for a meeting with two senators for which he was running late, and that he was not trying to avoid answering questions.
I rushed into work this morning, after massive flight delays getting back from Michigan last night, because I was eager to hear what the Treasury Secretary and our nation's top mortgage lenders had accomplished in the struggle to save thousands of cash-strapped mortgage borrowers.
I've been doing "live shots" on the Michigan housing market. I wish I could preview what the candidates would say about the current housing recession in our country, but they really haven't said anything, so I don't have a clue what to tell you. I do know this: the neighborhood I have been standing in is what I like to call "America." Friendly folks, living on nice little manicured lawns in nice little brick and shingled houses.
I'm in Dearborn, MI today, preparing for our all-out coverage of the Republican debate tomorrow. No, don't worry, I haven't jumped over to the dark side of reporting, that being politics. I'm here to give a bit of a snapshot of the Michigan real estate market.