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Search resuls for: "Diana Olick"


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☆ Weather intelligence company aims to revolutionize forecasting with a constellation of radar satellites
  + stars: | 2023-05-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Boston-based Tomorrow.io began as a software company that offered hyper-precise, street-level weather forecasting. The company recently launched Tomorrow-R1, what it claims is the world's first commercially built weather-radar satellite, via SpaceX's Falcon 9 rocket. Tomorrow.io used proprietary software not just to predict but also to help companies plan for severe weather. The new radar satellite, however, will offer a much broader scope of data. Elkabetz said the company intends to launch more than two dozen of its own satellites over the next two years.
☆ How these start-ups plan on lowering steel's carbon footprint
  + stars: | 2023-05-16 | 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 EmailHow these start-ups plan on lowering steel's carbon footprintCNBC’s Diana Olick joins 'Power Lunch' to discuss cleaning up coal by decarbonizing steel.
☆ How new satellite technology could revolutionize weather forecasting
  + stars: | 2023-05-16 | 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 EmailHow new satellite technology could revolutionize weather forecastingCNBC's Diana Olick joins 'The Exchange' to discuss how Tomorrow.io is launching the first commercially built weather radar satellite, how new satellite technology will revolutionize weather forecasting, and future satellite launch plans.
☆ Business inventories fall 0.1%; homebuilder confidence rises 5 points to 50
  + stars: | 2023-05-16 | 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 EmailBusiness inventories fall 0.1%; homebuilder confidence rises 5 points to 50CNBC's Rick Santelli and Diana Olick report on the latest economic data.
☆ Mortgage demand surged after Fed signaled potential pause in rate hikes
  + stars: | 2023-05-10 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage rates fell slightly last week after the Federal Reserve chairman suggested a potential end to a historic string of interest rate hikes. The drop wasn't substantial, but it was enough to boost demand from current homeowners hoping to refinance their mortgages to lower rates. Mortgage rates for all surveyed loan types decreased over the week. Mortgage rates rose sharply to start this week, according to a separate survey from Mortgage News Daily. Any large divergence from expectations, in either direction, could move bond yields, and consequently mortgage rates, decisively.
☆ Abandoned coal mines may be gold mines for geothermal energy
  + stars: | 2023-05-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
The Biden Administration recently announced nearly half a billion dollars from both the Inflation Reduction and Infrastructure laws would go toward clean energy projects at former coal mines. Abandoned coal mines generally fill with water when the mining has ceased. Geothermal energy is not new, but taking it from abandoned coal mines is not yet common, especially in the United States. Geothermal energy from coal mines can be used not only to heat homes and buildings, but also to cool them. Kruse-Daniels said that while it is a relatively inexpensive form of clean energy, the location and legacy may be liabilities.
☆ Rising risks: Abandoned coal mines being turned into heating and cooling hubs
  + stars: | 2023-05-08 | 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: Abandoned coal mines being turned into heating and cooling hubsCNBC's Diana Olick joins 'Power Lunch' to report on abandoned coal mines potentially being used for geothermal energy.
☆ Mortgage demand drops as bank failures hit jumbo loan rates
  + stars: | 2023-05-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
That is likely because today's buyers are hypersensitive to mortgage rates, which have been fluctuating widely week to week but which are still considerably higher than they were a year ago. Mortgage applications to purchase a home dropped 2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to refinance a home loan increased 1% from the previous week but were 51% lower than the same week one year ago. The refinance share of mortgage activity rose to 27.2% of total applications from 26.8% the previous week. Mortgage rates were volatile to start this week, with more concern over bank failures and a much-anticipated Federal Reserve meeting Wednesday.
☆ This former Tesla developer is reinventing the home electrical panel
  + stars: | 2023-05-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
One major component of that, however, is not very smart at all: the electric panel. The Span panel is capable of measuring every circuit in your home and giving you, as the homeowner, control over the dials. "The Span panel is increasingly becoming a default solution when paired with resiliency products." Buyers of the Span panel are eligible for tax incentives that apply to both the product and its installation. Some homebuilders are adopting the Span panel because it reduces the costs for new builds.
☆ Home prices are back on the rise as the spring market proves more competitive than expected
  + stars: | 2023-05-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
After cooling for the better part of last year, home prices are on the rise again. "Just five months ago, prices were declining on a seasonally adjusted month-over-month basis in 92% of all major U.S. markets. Competition among buyers is not only pushing prices higher but also accelerating the market again. Of the nation's 50 largest housing markets by population, just Austin, Salt Lake City and San Antonio are seeing prices fall month to month. A separate report released Tuesday from CoreLogic focuses on home price comparisons from a year ago, but also shows prices gaining month to month.
☆ Home prices rise as inventory drops
  + stars: | 2023-05-02 | 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 rise as inventory dropsCNBC's Diana Olick joins 'The Exchange' to report on home prices increasing nationally as buyers become more accustomed to a high-rate environment.
☆ Borrowers with low credit may benefit from a new mortgage fee structure, says Guy Cecala
  + stars: | 2023-05-01 | 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 EmailBorrowers with low credit may benefit from a new mortgage fee structure, says Guy CecalaCNBC's Diana Olick and Guy Cecala, executive chair of Inside Mortgage Finance, join 'Power Lunch' to discuss the debate over a new mortgage fee structure from Fannie Mae & Freddie Mac, risk concerns associated with loans for bad credit borrowers, and pay differentials between low and high credit score individuals.
☆ Watch CNBC's full interview with Inside Mortgage Finance's Guy Cecala
  + stars: | 2023-05-01 | 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 EmailWatch CNBC's full interview with Inside Mortgage Finance's Guy CecalaCNBC's Diana Olick and Guy Cecala, executive chair of Inside Mortgage Finance, join 'Power Lunch' to discuss the debate over a new mortgage fee structure from Fannie Mae & Freddie Mac, risk concerns associated with loans for bad credit borrowers, and pay differentials between low and high credit score individuals.
☆ Reinventing the electric box: Span startup creates a smarter panel
  + stars: | 2023-05-01 | 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 EmailReinventing the electric box: Span startup creates a smarter panelCNBC's Diana Olick joins 'Power Lunch' to discuss a startup developing more energy efficient home electric panels that use a mobile application to manage energy intake and use.
☆ A massive geothermal apartment complex is going up in Brooklyn, the first of its kind
  + stars: | 2023-04-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
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 cooling has been around for a while, but is generally used just on single houses or small buildings. Using geothermal will reduce its greenhouse gas emissions by an estimated 53%, but it will cost about 6% more to build. "So as a long-term owner of an apartment building, we view this as in addition to its sustainability a financially sustainable practice," he added.
☆ Mortgage demand rebounds, even as interest rates hit the highest level in over a month
  + stars: | 2023-04-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The recent softening in home prices may be helping homebuyers swallow higher mortgage rates. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "As a result of the higher yields, mortgage rates increased for the second straight week to their highest level in over a month." Despite higher rates, mortgage applications to buy a home, which had plummeted the week before, rose 5% last week. Mortgage rates fell slightly to start this week, as investors digested news of regional bank earnings as well as concern over the debt ceiling.
☆ Rent or buy? Here's how to make that decision in the current real estate market
  + stars: | 2023-04-26 | by ( Emily Lorsch | In | Elorsch | ) www.cnbc.com   time to read: +1 min
Choosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn't making it any easier. With surging mortgage rates, record rents and home prices, a potential economic downturn and other lifestyle considerations, there's so much to factor in. "This is an extraordinarily unique market because of the pandemic and because there was such a run on housing so you have home prices very high, you also have rent prices very high," said Diana Olick, senior climate and real estate correspondent for CNBC. In December 2022, it was more cost-effective to rent than buy in 45 of those metros, the real estate site found. In the top 10 metro regions that favored renting, monthly starter homeownership costs were an average of $1,920 higher than rents.
☆ Workday tops Just Capital's list of greenest companies in 2023
  + stars: | 2023-04-21 | 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 EmailWorkday tops Just Capital's list of greenest companies in 2023CNBC's Diana Olick reports on Just Capital's Just 100 annual climate ranking.
☆ A look at the overall housing market
  + stars: | 2023-04-21 | 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 EmailA look at the overall housing marketCNBC'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.
☆ Home sales fell in March amid volatility in mortgage rates
  + stars: | 2023-04-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
The weakness is likely due to a sharp jump in mortgage interest rates. With home prices still historically high, today's buyers are increasingly sensitive to even daily moves in mortgage rates. "Home sales are trying to recover and are highly sensitive to changes in mortgage rates," said Lawrence Yun, chief economist for the NAR. "This suggests that both existing home supply and demand will be sensitive to mortgage rate changes," added Hale. "High home prices and higher mortgage rates are clearly presenting challenges," Yun said on the first-time buyer share.
☆ Mortgage demand from homebuyers drops 10% as interest rates jump
  + stars: | 2023-04-19 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Today's homebuyers appear to be increasingly sensitive to weekly moves in mortgage rates. Buyer demand was 36% lower than the same week one year ago when the 30-year fixed rate mortgage averaged 5.20%. Banks had been offering better rates on jumbo loans, but that spread between jumbo and conforming loans is much tighter now, compared with last year. "As banks reduce their willingness to hold jumbo loans, we expect this narrowing trend to continue," added Kan. Mortgage rates moved significantly higher to start this week, according to another rate survey from Mortgage News Daily.
☆ Mortgage rates are moving higher amid economic uncertainty
  + stars: | 2023-04-19 | 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 EmailMortgage rates are moving higher amid economic uncertaintyCNBC's Diana Olick joins 'The Exchange' to discuss climbing mortgages rates, shrinking buyer demand, and a pullback in first-time home buyers.
☆ TemperPack is making recyclable cold packaging for Martha Stewart-branded meal company Marley Spoon
  + stars: | 2023-04-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
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. Some considerable portion of that money is wasted on packaging to keep food cold. TemperPack is working with grocers, meal kit companies, bio-tech and online pharmacies -- basically, any business that previously used a styrofoam cooler for packaging. That was a big draw for Martha Stewart-branded meal maker Marley Spoon.
☆ Homebuilder sentiment rises in April, as builders grab near-record share of the market
  + stars: | 2023-04-17 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
The National Association of Home Builders/Wells Fargo Housing Market Index rose to 45 in April, a one-point gain. Builders in the report cited a lack of listings on the resale market, which gave them an unusually strong edge. Slightly lower mortgage rates are also helping demand — though rates are still higher than they were a year ago. "Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing," said Alicia Huey, NAHB chairman and a custom homebuilder and developer from Birmingham, Alabama. It marked the first time both of the indicators were positive since June, when mortgage rates really took off.
☆ Homebuilder sentiment rises in April
  + stars: | 2023-04-17 | 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 EmailHomebuilder sentiment rises in AprilCNBC's Diana Olick joins 'Squawk on the Street' to discuss April's National Association of Home Builders Index numbers.
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