ENGLEWOOD CLIFFS, N.J., Nov. 28, 2007--CNBC, First in Business Worldwide, is expanding its already unparalleled coverage of the critical real estate industry by establishing a daily series of reports under the umbrella title "The Home Front," effective immediately.
CNBC Washington-based real estate correspondent Diana Olick, among others, will provide news and analysis affecting home buyers, sellers, owners, builders, lenders and investors. With housing prices falling in virtually all regions, and foreclosures rising sharply, real estate is a growing concern for millions of Americans. At the same time, falling prices have created incredible buying opportunities across the country in some of the most coveted zip codes.
Other CNBC correspondents contributing stories include Los Angeles-based reporter Jane Wells, who has been covering the story of Countrywide Financial Corporation, a provider of consumer and business-to-business financial services headquartered in Calabasas, Calif., and CNBC Contributor Barbara Corcoran, one of America's top real estate entrepreneurs.
"Real estate is one of the crucial topics on the minds of all Americans today and viewers are turning to CNBC for news, context and advice on how to protect their investments," said Jonathan Wald, CNBC Senior Vice President, Business News. "The instability of the housing market affects so many industries and CNBC provides the comprehensive coverage viewers need to stay ahead of the market."
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://nbcumv.com/cnbc/.