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, which won the Gracie Award for "Outstanding Blog" in 2015. She also contributes her real estate expertise to NBC's "Today" and "NBC Nightly News."
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.
Home sales are heating up on the Massachusetts vacation island and dollar volume could exceed $1 billion this year.
The gain in mortgage applications was driven by applications to refinance a home loan.
Lumber prices are 67 percent higher than last year and homebuilders are concerned that tariffs placed on Canadian lumber and other imported products are hurting housing affordability.
Of the homes that sold in May, 27.6 percent went above their list price — another record, according to Redfin.
Volume was 15.4 percent lower than a year ago, according to the Mortgage Bankers Association.
Rising housing prices are causing a sharp jump in home equity, making homeowners wealthier. It is also bringing thousands of borrowers up from underwater on their mortgages.
CNBC's Diana Olick sifts through the latest numbers on housing.
Mortgage applications to purchase a home increased 4 percent for the week and were 9 percent higher than a year ago.
As the sharp gains in home prices continue, more markets are seeing values higher than their local economies can support.
Pending home sales, which measure signed contracts to buy existing homes, fell a wider-than-expected 1.3 percent in April, compared to March, according to the National Association of Realtors.