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Diana Olick - 10 Lawrence Yun - 3 Mike Fratantoni - 3 Yun - 2 they're - 2 it's - 2 Rick Santelli - 2 Joel Kan - 2
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Search resuls for: "Diana Olick"


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☆ June home sales slump, pointing to a buyer's market as supply increases
  + stars: | 2024-07-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
"We're seeing a slow shift from a seller's market to a buyer's market," said Lawrence Yun, chief economist for the Realtors. These inventory levels are the highest supply since May 2020, boosted by homes sitting on the market longer. Supply of homes for sale is weakest on the lower end, but is seeing a new surge now. While the sales price nationally is high, new listing prices are lower. Either home sales rise, or, if the prices do not rise, the prices would buckle down," Yun added.
Persons: Lawrence Yun, Danielle Hale, Yun Organizations: National Association of Realtors, Realtors, Realtor.com, Investors Locations: Patchogue, N.Y, Patchogue , New York
☆ New credit card Aven taps home equity
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew credit card Aven taps home equityCNBC's Diana Olick joins 'The Exchange' to discuss the latest developments in the housing market.
Persons: Diana Olick
☆ Here's why international buyers are pulling way back from the U.S. housing market
  + stars: | 2024-07-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
As a result, international buyers are pulling out. This comes as both the average ($780,300) and median ($475,000) purchase prices were the highest the NAR ever recorded for foreign buyers. "Therefore, it's not surprising to see a pullback in U.S. home sales from foreign buyers." International buyers tend to pull back during times of political uncertainty. It is unlikely sales from foreign buyers will improve in the coming year unless several factors, both economic and political, improve.
Persons: they're, Lawrence Yun, it's, Yuval Golan, Golan, Waltz Organizations: National Association of Realtors, NAR, FDIC Locations: Canada, China, Mexico, India, Florida , Texas , California, Arizona
☆ Homebuilder sentiment at the lowest level since December 2023
  + stars: | 2024-07-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHomebuilder sentiment at the lowest level since December 2023CNBC's Rick Santelli and Diana Olick report on the latest economic data to cross the tape.
Persons: Rick Santelli, Diana Olick
☆ This cement startup says it goes beyond net zero to true zero carbon emissions
  + stars: | 2024-07-10 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
"By decomposing minerals at ambient temperature using electrochemistry, it actually allows us to use minerals that contain calcium for cement that aren't limestone, and that's what makes us true zero as opposed to net zero," Ellis explained. Its One Boston Wharf Road will be the largest net zero office building in the city, with Sublime cement in the ground floor public space. Its venture capital backers are Lower Carbon Capital, Engine Ventures, Energy Impact Partners, Prime Impact Fund, Siam Cement Group and MCJ Collective. For perspective, about 90 million tons of cement are produced in the U.S. per year. "This is a first-of-a kind process, and we're competing with a technologies that have been scaled to a million tons per year plus for, you know, decades.
Persons: Leah Ellis, Ellis, they'll, Yanni Tsipis, Lisa Rizzolo Organizations: Systems, Sublime Systems, WS Development, Sublime, U.S . Department of Energy, Carbon, Engine Ventures, Energy Impact Partners, Impact Fund, Siam Cement Group, MCJ, CNBC Locations: Fortera, Massachusetts, Boston, Portland, U.S
☆ Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity
  + stars: | 2024-07-10 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The recent run-up in home prices, a staggering increase of more than 40% from pre-pandemic levels, should have current homeowners rushing to refinance. But for most, pulling that cash out simply costs too much now that interest rates are more than twice what they were just two years ago. Applications to refinance a home dropped last week for the fourth straight week, down 2%, according to the Mortgage Bankers Association's seasonally adjusted index. Homeowners were sitting on a collective $17 trillion in equity at the end of the first quarter of 2024, according to CoreLogic. Mortgage rates haven't moved at all so far this week, despite Federal Reserve Chair Jerome Powell's testimony before Congress on Tuesday.
Persons: Joel Kan, Kan, Jerome Powell's, Powell, Matthew Graham Organizations: Mortgage, Homeowners, Consumer, Mortgage News
☆ It suddenly looks like there are too many homes for sale. Here's why that's not quite right
  + stars: | 2024-07-09 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +5 min
The housing market is just beginning to come out of its leanest few years in history. Inventory of both new and existing homes is finally rising, but there is something suddenly strange in the numbers: The supply of newly built homes appears to be way too high. The supply scenarioThere is currently a 4.4-month supply of both new and existing homes for sale, according to the National Association of Home Builders, or NAHB. In fact, there is now a nine-month supply of newly built homes for sale, nearly three times that of existing homes. The foundation of today's tricky numbersThis housing market is unlike any other because of economic forces unlike any other.
Persons: Jordan Vonderhaar, Robert Dietz, Homebuilders, Brandon Bell Organizations: National Association of Home Builders, Bloomberg, Getty, Housing, Federal Reserve, Builders Locations: San Marcos , Texas, Austin , Texas
☆ Housing prices rise despite more supply: Here's why
  + stars: | 2024-07-09 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHousing prices rise despite more supply: Here's whyCNBC's Diana Olick joins 'Squawk Box' to discuss the housing supply impact on prices.
Persons: Diana Olick
☆ Cement companies are transforming the $410 billion industry with carbon-free cement
  + stars: | 2024-07-08 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCement companies are transforming the $410 billion industry with carbon-free cementCNBC’s Diana Olick joins 'Power Lunch' to discuss how companies are making carbon-free cement.
Persons: Diana Olick Organizations: Email
☆ Home prices begin to cool as active listings jump 35%
  + stars: | 2024-06-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +1 min
Some of the heat is coming out of home prices, even though they're still higher than they were a year ago. Several new reports show the price gains are shrinking and home sellers are starting to give in after a stagnant spring market. A year ago at that time the typical home was selling at list price. Two years ago it was selling at about 2% above list price. While most sellers are still listing their homes at higher prices than comparable homes sold for a year ago, some are conceding that they simply can't command those prices.
Persons: they're
☆ Both mortgage rates and weekly mortgage demand are stuck in place, suggesting a slow summer housing market
  + stars: | 2024-06-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
High home prices continue to rise, mortgage rates aren't coming off recent highs, and consumers are unimpressed by the small increase in home listings. All of that is reflected in weekly mortgage demand, which has been stuck for the second week in a row. Total mortgage application volume was essentially flat last week, up just 0.8% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Mortgage rates didn't move much either. Any hint at the current state of inflation tends to have an impact on bond yields and, consequently, mortgage rates.
Persons: Joel Kan, Kan Organizations: Mortgage Locations: Hawthorn Woods , Illinois
☆ New home sales tumbled in May
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew home sales tumbled in MayCNBC's Rick Santelli and Diana Olick report on the latest economic data to cross the tape.
Persons: Rick Santelli, Diana Olick
☆ Home prices set another record high in April
  + stars: | 2024-06-25 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome prices set another record high in AprilCNBC's Diana Olick joins 'Money Movers' to discuss the latest on home prices.
Persons: Diana Olick
☆ Here's how bad housing affordability is now
  + stars: | 2024-06-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history. The housing cost burden has hit a record, according to a new report from Harvard's Joint Center for Housing Studies. Housing supply was already low before the Covid pandemic hit, because homebuilders had yet to recover from the 2008 financial crisis. Then there was a pandemic-induced run on housing, causing supply to drop to record lows for several years.
Persons: Brian Luke, Dow, HJCH, homebuilders, Homebuilders couldn't, Orphe Divounguy Organizations: Mortgage News, Dow Jones, Harvard's, for Housing Studies
☆ Home prices hit record high in May as sales stall
  + stars: | 2024-06-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +1 min
watch nowSales of previously owned homes are sitting at a 30-year low and didn't move much in May as prices hit a new record and mortgage rates remain high. The sluggish sales pace came as rates took a big leap in April. David Ryder | Bloomberg | Getty ImagesSales were unchanged month to month in all regions except the South, where they fell 1.6%. At the current sales pace, there is now a 3.7-month supply. "Eventually, more inventory will help boost home sales and tame home price gains in the upcoming months.
Persons: Lawrence Yun, David Ryder, Yun Organizations: National Association of Realtors, Mortgage News, NAR, Bloomberg, Getty Locations: Issaquah Highlands, Issaquah , Washington, US
☆ Amazon replaces plastic packaging: Here's what to know
  + stars: | 2024-06-20 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon replaces plastic packaging: Here's what to knowCNBC's Diana Olick joins 'Squawk on the Street' with the latest news from Amazon.
Persons: Diana Olick Organizations: Amazon
☆ Mortgage demand flattens even as interest rates hit the lowest level since March
  + stars: | 2024-06-19 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +1 min
Consumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose just 0.9% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Mortgage rates dropped last week following the latest inflation data and the FOMC meeting," said Mike Fratantoni, MBA's SVP and chief economist. Mortgage applications to purchase a home rose 2% for the week and were 12% lower than the same week one year ago. Mortgage rates moved a little bit higher to start this week but then pulled back Tuesday after weaker than expected retail sales data.
Persons: Mike Fratantoni, Matthew Graham Organizations: Mortgage, MBA's, Mortgage News
☆ Luxury homes on these beaches are losing value fast, as effects of climate change hit hard
  + stars: | 2024-06-14 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
watch nowAs sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York and Nantucket, Massachusetts, some of the nation's priciest coastal real estate is in an increasingly precarious position due to climate change. Various risk models have shown myriad projections for falling real estate values, but the effects of climate change are already hitting the market — and at a faster pace than most expected. A Nantucket home listed last summer for just over $2 million sold early this year for just $600,000. "There have been several," said Shelly Lockwood, a real estate agent on Nantucket.
Persons: Dana, Shelly Lockwood, Lockwood, that's, it's, Kay Tyler, he's, Chris Farley, Farley, Diana Olick, Olick Organizations: National Oceanic, Atmospheric Administration, Nantucket, Boston Globe, First, CNBC Locations: Dana Point , California, Long, , New York, Nantucket , Massachusetts, Nantucket, Montauk, Gulf Coasts, United States, Lockwood
☆ Rising Risks: Impact on Coastal Real Estate Values
  + stars: | 2024-06-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRising Risks: Impact on Coastal Real Estate ValuesDiana Olick profiles how rising sea levels and coastal erosion are devastating real estate values in some of the nation's highest-profile luxury housing communities.
Persons: Diana
☆ American coastal houses face erosion and dwindling home values
  + stars: | 2024-06-14 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican coastal houses face erosion and dwindling home valuesCNBC’s Diana Olick joins 'Power Lunch' to discuss the rising risks of having homes in America's coastal towns due to flood risks.
Persons: Diana Olick
☆ A brief drop in mortgage rates caused a huge surge in demand, but it may be short-lived
  + stars: | 2024-06-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage rates dropped for much of last week, causing total mortgage application volume to surge nearly 16% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. But rates jumped back up again after a stronger-than-expected monthly employment report Friday. For the bulk of the week, rates were lower than that, but Friday's news caused rates to jump 12 basis points, according to a separate survey from Mortgage News Daily. Homebuyers are not only contending with high interest rates but also high home prices. A monthly survey from Fannie Mae found 86% of consumers say now is a bad time to buy a home.
Persons: Mike Fratantoni, Fannie Mae, Fratantoni, Matthew Graham of Organizations: Mortgage, Mortgage News, Federal Reserve, Matthew Graham of Mortgage News
☆ 86% of consumers believe it's a bad time to buy a home: Fannie Mae
  + stars: | 2024-06-10 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email86% of consumers believe it's a bad time to buy a home: Fannie MaeCNBC's Diane Olick joins 'Power Lunch' to discuss a new survey data from Fannie Mae on housing sentiment.
Persons: Fannie Mae CNBC's Diane Olick, Fannie Locations: Fannie Mae
☆ Mortgage demand falls for the second straight week, but all eyes are on Friday's jobs report
  + stars: | 2024-06-05 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Mortgage applications to purchase a home fell 4% for the week and were 16% lower than the same week a year ago. Buyers are not only contending with higher interest rates. Mortgage rates ended last week with a sharp drop on Friday and then continued to slide this week.
Persons: –, Mike Fratantoni, Fratantoni, Matthew Graham of, Graham Organizations: Mortgage, MBA's, Government, Matthew Graham of Mortgage News Locations: Austin , Texas
☆ Khosla Ventures backs weather balloon startup that uses AI to upend forecasts
  + stars: | 2024-06-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Windborne uses a new type of weather balloon, for example. Windborne's balloons can fly for weeks, as opposed to today's government-launched weather balloons which stay aloft for just a few hours and can't reach remote locations. The world currently lacks weather data for 85% of the atmosphere, according to the World Meteorological Organization (WMO). Windborne just closed a $15 million round with lead investor Khosla Ventures. In addition to Khosla Ventures, Windborne is backed by Footwork VC, Pear VC, Convective Capital, Ubiquity Ventures and Susa Ventures.
Persons: John Dean, Dean, Sven Strohband, Windborne Organizations: National Oceanic, Atmospheric Administration, Investors, Google, World Meteorological Organization, Khosla Ventures, Weather Company, Economic, Windborne, Susa Ventures Locations: California, Susa
☆ AI-driven weather balloons hope to make weather forecasts more accurate
  + stars: | 2024-06-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI-driven weather balloons hope to make weather forecasts more accurateCNBC's Diana Olick joins 'Power Lunch' to discuss how startups are working to help weather forecasts be more accurate.
Persons: Diana Olick
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