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.
Follow Diana Olick on Twitter @Diana_olick.
I want to talk about second homes, second homes with wheels. The RV industry would have you believe that a motor home or “fifth wheel” trailer is superior to your basic beach house, by virtue of the fact that it can go anywhere. It’s an enticing branding strategy, I’ll give you that, but does it make real economic sense?
In reporting about the potential 38 billion dollar bid for Equity Office Properties Trust by Cerberus Capital Management and others, I was struck by a tiny dash of concern, well below the radar, in the office sector as a whole. I was doing some background reading on the office sector’s 2006 performance, and in a Colliers International press release I came across, the real estate services provider noted...
Maybe I’m jaded, maybe I’ve toured a few too many overpriced homes, but I have to say, $20 million ain’t what it used to be on the south shore of Long Island. Some background: I spent much of my day yesterday in East Hampton, New York. I was working on a story about what the Wall Street bonus boys will be spending their money on this month. Real Estate is the obvious bet, so we decided to take a look at the 2nd home market on Long Island.
I want to talk about my holiday vacation week if I may, since I spent much of it considering and talking about the real estate market (so much for getting away from it all). As I sat in my mother-in-law’s condo in Waterville Valley, New Hampshire, staring at the not-so-white White Mountain range and glowering at the pile of snowsuits, boots, ski equipment, goggles, and gloves sitting dry in the corner, thoughts and conversation turned to housing.
I’ve been getting a lot of feedback from users out there questioning the housing numbers we report on CNBC. Yes, we do a lot of numbers: Existing Home Sales from the National Association of Realtors, Housing Starts and New Home Sales numbers from the US Dept. of Commerce, the monthly Housing Market Index of home builder sentiment from the National Association of Home Builders, just to name a few.
Last week the Secretary of the Treasury, Hank Paulson, was asked if the residential real estate market had bottomed. He refused to answer the question. But as we approach the New Year, that is arguably the biggest question in real estate. The spring season is right around the corner, traditionally the busiest for buying and selling, and many believe it will tell the true story of the state of the market.
Despite the current concern over increased foreclosures and mortgage delinquencies, it seems like Americans are doing what they always do: responding to a great deal. "The substantial decline in mortgage rates over the past six months, greater than 80 basis points in total, has led to a significant increase in refinance activity. Additionally, we are seeing...
“Existing Home Sales in 2007 Expected to Recover from Cyclical Low” That’s the headline today from the National Association of Realtors in their monthly Housing and Economic Forecast. And you might as well put an exclamation point on the end of that. You see, the NAR, the largest trade organization in the US, represents more than one million real estate agents in the U.S. and abroad; as sales slump, so too do Realtor commissions.