Diana Olick
CNBC
Washington, DC, United States
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Past articles by Diana:
Amazon follows Microsoft, investing big in carbon capture
Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture technology. → Read More
Apartment rents are on the verge of declining due to massive new supply
A year ago, rents were posting 11% annual growth. Now they look like they're about to go negative year over year. → Read More
Mortgage demand drops as bank failures hit jumbo loan rates
Mortgage demand dropped last week despite a slight easing in interest rates, while trouble in the banking sector makes jumbo loans more expensive. → Read More
This former Tesla engineer is reinventing the home electrical panel
The home is increasingly becoming a command hub for all kinds of smart technology and smart power. One major component of that, however, is not very smart at all: the electric panel. It hasn't changed much in about 75 years. With electrical power for home, vehicle, solar and battery backup increasingly running off the same system, the race is on to reinvent the panel. Companies like Lumin,… → Read More
Home prices are back on the rise as the spring market proves more competitive than expected
A sharp drop in new listings, adding to an already meager supply of homes for sale, is leading to renewed bidding wars. → Read More
A massive geothermal apartment complex is going up in Brooklyn, the first of its kind
On the edge of the East River in Brooklyn, the cranes haven't arrived at the construction site yet. Instead, massive drills are scattered across the full city block, drilling 320 boreholes nearly 500 feet into the ground. When construction is completed in 2025, the site will house the largest residential apartment complex in the U.S. to be heated by geothermal energy. Geothermal heating and… → Read More
Mortgage demand rebounds, even as interest rates hit the highest level in over a month
Mortgage demand rebounded despite a rise in interest rates, as homebuyers take advantage of easing house prices. → Read More
NYC breaks ground on largest geothermal residential apartment complex in U.S.
CNBC's Diana Olick reports on the construction of America's largest residential geothermal building. → Read More
A look at the overall housing market
CNBC's Diana Olick joins 'The Exchange' to discuss momentum in the home builder market, estimates for next week's new home sales data, and weakness in the existing home market. → Read More
Home sales fell in March amid volatility in mortgage rates
Sales of previously owned homes declined 2.4% in March compared with February, according to the National Association of Realtors. → Read More
Mortgage rates are moving higher amid economic uncertainty
CNBC's Diana Olick joins 'The Exchange' to discuss climbing mortgages rates, shrinking buyer demand, and a pullback in first-time home buyers. → Read More
Mortgage demand from homebuyers drops 10% as interest rates jump
Mortgage demand dropped last week after interest rates increased. Rates continued moving higher this week, portending a slowdown in the spring market. → Read More
TemperPack is making recyclable cold packaging for Martha Stewart-branded meal company Marley Spoon
Meal delivery kits really took off with the pandemic, and they're still gaining in popularity. Two years ago, fresh food meal kits were a $7 billion industry, and they're projected to become a $10 billion industry by 2024. The downside? Some considerable portion of that money is wasted on packaging to keep food cold. A lot of that packaging cannot be recycled. But big money is now pouring into a… → Read More
Redfin reports the first annual rental decline in three years
CNBC's Diana Olick joins 'Squawk on the Street' to discuss multi-family housing developments, decreased pressure on rent prices, and rental demand increasing in New York City with declines in Miami. → Read More
Billionaire founder of Paul Mitchell and Patron invests in man-made coral reefs
They are majestic and beautiful and critical to the world economy. Coral reefs, often called the "rainforests of the sea," support roughly 25% of all known marine species. They are vital not just to sea life, but to human life. And the planet has lost half its coral reefs since the 1950s due in large part to climate change. The total economic value of coral reef services for the united states… → Read More
Lack of home listings is taking a toll on mortgage demand
Mortgage rates fell last week, but lack of housing supply is keeping buyers at bay. → Read More
Home prices suddenly jump after several months of declines
After falling since last summer, home prices suddenly turned higher due to lower mortgage rates. → Read More
Home prices in February rose for the first time in 7 months
CNBC's Diana Olick reports on a turnaround in the housing market. → Read More
More home sellers are sitting out of the spring housing market
New listings in March were 20% lower than the same month last year, keeping home prices higher and competition strong. → Read More
Pending home sales squeezed out a tiny gain in February, as mortgage rates jumped
The average rate on the popular 30-year fixed mortgage started February right around 6% and ended the month just over 7% → Read More