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Diana Olick - 11 Danielle Hale - 4 Joel Kan - 4 Robert Dietz - 2 NAHB's - 2 Lawrence Yun - 2 Rick Santelli - 2 Matthew Graham - 2
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Search resuls for: "Diana Olick"


25 mentions found


☆ Sales of newly built homes reverse course, drop nearly 9% in August
  + stars: | 2023-09-26 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. The Census count is based on signed contracts during the month, and mortgage rates took a sharp jump higher. The median price of a newly built home sold in August was $430,300, a drop of 2% compared with August of last year. Homebuilders have been lowering prices as well as offering more incentives, like buying down mortgage rates. One of the nation's largest homebuilders, Lennar, recently reported strong earnings, but that was for a quarter where mortgage rates hadn't hit their highest yet.
Persons: Imogen Pattison, Homebuilders, Stuart Miller, Miller, Robert Dietz, NAHB's Organizations: . Census, Mortgage News, Capital Economics, National Association of Home Builders
☆ Home prices strong despite high rates due to low for-sale supply
  + stars: | 2023-09-22 | 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 strong despite high rates due to low for-sale supplyCNBC’s Diana Olick joins 'The Exchange' to report on the impact of rising mortgage rates on the housing industry and more.
Persons: Diana Olick
☆ Home sales stick near recent lows in August, but prices continue to climb
  + stars: | 2023-09-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. "Mortgage rate changes will have a big impact over the short run, while job gains will have a steady, positive impact over the long run." There were just 1.1 million units for sale at the end of August, down 0.9% for the month and down just more than 14% year over year. Sales continue to be weakest on the lower end of the market, where there is the least supply. "This is true not only in tech hubs like Austin and San Francisco, but also affordable markets like Columbus, Ohio."
Persons: Lawrence Yun, Yun, Danielle Hale Organizations: National Association of Realtors, NAR, Homeowners, It's Realtors Locations: Arlington , Virginia, Austin, San Francisco, Columbus , Ohio
☆ Existing home sales fell 0.7% in August
  + stars: | 2023-09-21 | 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 EmailExisting home sales fell 0.7% in AugustCNBC's Rick Santelli and Diana Olick report on the latest economic data to cross the tape.
Persons: Rick Santelli, Diana Olick
☆ Weekly mortgage demand increases, driven by a strange surge in refinancing
  + stars: | 2023-09-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn't make a lot of sense. Applications to refinance a home loan jumped 13% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Refinancing demand usually moves in the same direction as mortgage rates, but that was not the case. Applications for a mortgage to purchase a home increased 2% for the week and were 26% lower than the same week one year ago. "Purchase applications increased for conventional and FHA loans over the week," said Joel Kan, an MBA economist in a release.
Persons: Joel Kan, Homebuyers, Jerome Powell Organizations: Mortgage, Wednesday's, Reserve
☆ SL Green President Andrew Mathias on energy transition and impact on real estate
  + stars: | 2023-09-19 | 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 EmailSL Green President Andrew Mathias on energy transition and impact on real estateCNBC's Diana Olick and Andrew Mathias, SL Green president, join 'Power Lunch' to discuss the company's energy transition and impact on real estate.
Persons: Andrew Mathias, Diana Olick Organizations: SL Green
☆ Homebuilder sentiment goes negative for the first time in 7 months, thanks to higher mortgage rates
  + stars: | 2023-09-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. Current sales conditions fell 6 points to 51, and sales expectations in the next six months also dropped 6 points to 49. Builders cite weaker affordability due to higher mortgage rates. While builders are still benefiting from the lack of supply on the existing sales market, they are also facing hurdles other than higher interest rates.
Persons: Robert Dietz, NAHB's, Alicia Huey Organizations: National Association of Home Builders, Builders Locations: Wells Fargo, Birmingham , Alabama, Midwest, West
☆ Homebuilder sentient goes negative for the first time in seven months
  + stars: | 2023-09-18 | 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 sentient goes negative for the first time in seven monthsCNBC's Diana Olick joins 'The Exchange' to discuss a reversal in builders sentiment numbers for the first time in seven months, builders benefiting from a lower existing home supply and high interest rates causing homebuilders to offer more incentive plans to buyers.
Persons: Diana Olick, homebuilders
☆ Higher mortgage rates continue to impact the housing markets
  + stars: | 2023-09-13 | 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 EmailHigher mortgage rates continue to impact the housing marketsDanielle Hale, Realtor.com chief economist, and CNBC's Diana Olick join 'Power Lunch' to discuss housing and mortgage demand stalling and the state of the overall housing market.
Persons: Danielle Hale, Diana Olick
☆ Mortgage demand stalls at a level not seen since 1996
  + stars: | 2023-09-13 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Higher mortgage rates continue to take their toll on mortgage demand, especially for refinancing. Total mortgage application volume dropped 0.8% last week compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The refinance share of mortgage activity decreased to 29.1% of total applications from 30.0% the previous week. ARMs offer lower interest rates but are deemed riskier because their rates are fixed for a shorter term. "Mortgage applications decreased for the seventh time in eight weeks, reaching the lowest level since 1996," said Joel Kan, a Mortgage Bankers Association economist, in a release.
Persons: Joel Kan, Matthew Graham Organizations: Mortgage, refinances, Mortgage Bankers Association, Mortgage News
☆ Amazon follows Microsoft, investing big in carbon capture
  + stars: | 2023-09-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
After a recent infusion of government money into technology that sucks carbon out of the air, big business is getting in as well. Amazon announced Tuesday that it will help fund the world's largest deployment of direct air capture (DAC) technology by purchasing a quarter of a million metric tons of carbon removal over the next decade from STRATOS, the first DAC plant from 1PointFive, a carbon removal technology company. The carbon that is removed through the air capture systems will then be stored underground in saline aquifers, which are large rock formations saturated in salt water. "With these two new investments in direct air capture, we aim to target emissions we can't otherwise eliminate at their source," Kara Hurst, Amazon's VP of worldwide sustainability, said in a release. Amazon's announcement comes on the heels of Microsoft 's news that it has agreed to buy carbon credits from California-based startup Heirloom Carbon, which uses limestone to remove carbon from the atmosphere.
Persons: Kara Hurst, Amazon's, We're, Brian Marrs, Microsoft's, Hurst Organizations: Amazon, STRATOS, CarbonCapture, Microsoft, U.S . Department of Energy, Law Locations: 1PointFive, CarbonCapture Inc, California, Paris
☆ Apartment rent prices approach negative territory
  + stars: | 2023-09-08 | 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 EmailApartment rent prices approach negative territoryCNBC's Diana Olick joins 'Squawk on the Street' to discuss the state of apartment occupancies, ongoing declines in the apartment rental space, and new units being introduced into the rental supply.
Persons: Diana Olick
☆ Apartment rents are on the verge of declining due to massive new supply
  + stars: | 2023-09-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Apartment rents have been cooling off sharply for several months, and they look like they're about to go negative compared with a year ago. The issue instead is just a massive amount of apartment supply. While rents nationally haven't gone negative yet, they have in several local markets. One exception is New York, where rents were up just 1.9% annually as significant supply comes on the market. Looking ahead, supply should remain high through next year, which will push rents lower potentially through 2025.
Persons: That's Locations: Austin , Texas, Phoenix, Las Vegas, Atlanta, Jacksonville , Florida, Midwest, New York
☆ Maine lobstermen are getting into the seaweed business as climate change threatens the catch
  + stars: | 2023-09-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Lobsters have long been a staple of the Maine economy, worth roughly $388 million last year alone, but climate change is putting the catch at risk. Now lobstermen and women, along with local entrepreneurs, are turning to a new and potentially even more lucrative staple: Seaweed. Seaweed is also a natural carbon sink, helping the ocean to absorb excess carbon dioxide from the atmosphere. Aquaculture in general, and seaweed in particular, is an essential economic driver for the state of Maine. Atlantic Sea Farms works with 27 lobstermen up and down the coast.
Persons: Bri Warner, Warner, Gamble Organizations: Toyota, Procter, Gamble, Gillette, CNBC, Kroger Locations: Maine, The, Portland , Maine
☆ Fisherman are diversifying work through seaweed cultivation
  + stars: | 2023-09-07 | 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 EmailFisherman are diversifying work through seaweed cultivationCNBC's Diana Olick joins 'Power Lunch' to discuss warming waters jeopardizing Maine's lobster economy, lobster fisherman pivoting towards seaweed farming and the Atlantic Sea Farms startup expanding its efforts to grow the seaweed industry.
Persons: Diana Olick Organizations: Sea
☆ Mortgage demand drops to 27-year low as interest rates pull back
  + stars: | 2023-09-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
After rising sharply for several weeks, mortgage interest rates pulled back slightly last week, but not enough to revive mortgage demand. Total mortgage application volume fell 2.9% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates," said Joel Kan, an MBA economist. "Prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates," Kan added. Mortgage rates turned higher again to start this week, and more economic data out in the coming days could impact rates further.
Persons: Joel Kan, Kan Organizations: Mortgage Locations: Los Angeles , California
☆ Home prices may be on the verge of cooling off
  + stars: | 2023-09-01 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. But prices weakened month to month, according to Black Knight. Behind the cooling off: mortgage rates. The jump in home prices since the start of the Covid pandemic, combined with much higher mortgage rates has crushed affordability. It now takes roughly 38% of the median household income to make the monthly payment on the median-priced home purchase, according to Black Knight.
Persons: Knight, That's, Andy Walden, Danielle Hale Organizations: Black, Realtor.com
☆ Home prices may be turning lower
  + stars: | 2023-09-01 | 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 EmailHome prices may be turning lowerAndy Walden, vice president of enterprise research at Black Knight, and CNBC's Diana Olick join 'The Exchange' to discuss why home prices may be on the verge of cooling off, the state of the housing market, and more.
Persons: Andy Walden, Black Knight, Diana Olick Organizations: Black
☆ Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
  + stars: | 2023-08-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Potential buyers are dealing not only with high interest rates and high prices, but extremely low supply. "Some homebuyers are looking to lower their monthly payments by accepting some interest rate risk after the initial fixed period," noted Kan. Mortgage rates continued to climb this week and are now right around 7.5% according to Mortgage News Daily.
Persons: Joel Kan, Kan Organizations: Mortgage, Treasury, National Association of Realtors, Mortgage News Locations: homebuyers
☆ This startup is helping the ocean absorb more harmful carbon emissions
  + stars: | 2023-08-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
The ocean, often likened to the lungs of the planet, is the world's largest natural carbon sink. Now, companies such as Equatic, Captura, Running Tide and a startup called Ebb Carbon are using new technology to restore ocean chemistry and speed up its natural abilities. "We're restoring the balance in the ocean chemistry and enabling the ocean to absorb CO2 and convert it to a safe stable form," said Ben Tarbell, co-founder and CEO of Ebb Carbon. "Right now, there are very large voluntary carbon markets, large corporations willing to pay to remove carbon from the atmosphere to offset emissions in other parts of their business. In addition to Prelude, Ebb Carbon is backed by Evok Innovations, Congruent Ventures and Propeller.
Persons: it's, Ben Tarbell, Tarbell, Gabriel Kra, Lisa Rizzolo Organizations: Ebb, Ventures, Prelude Ventures, Evok, CNBC Locations: Sequim Bay, Washington
☆ Home sales fall again in July, as supply drops to near quarter-century low
  + stars: | 2023-08-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Homes sold at the slowest July pace since 2010. This count is for closings, so contracts were likely signed in May and June, when mortgage rates went from around 6.5% to well over 7%. Sales fell month to month in all regions except the West, where they rose 2.7%. Roughly three-quarters of the homes sold were on the market for less than a month, indicating still strong demand. "The housing market is at a pivotal point as we head into fall," said Lisa Sturtevant, chief economist at Bright MLS, noting higher mortgage rates in particular.
Persons: it's, Lawrence Yun, Danielle Hale, Buyers, Lisa Sturtevant Organizations: National Association of Realtors, Homes, Realtor.com, Realtors, Federal Housing Administration, Bright MLS
☆ Existing home sales see slowest July pace since 2010
  + stars: | 2023-08-22 | 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 EmailExisting home sales see slowest July pace since 2010CNBC's Diana Olick and Rick Santelli report on existing home sales and news from Richmond Federal Reserve.
Persons: Diana Olick, Rick Santelli Organizations: Richmond Federal Reserve
☆ Climate startup empowering the ocean to allow more carbon absorption
  + stars: | 2023-08-21 | 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 EmailClimate startup empowering the ocean to allow more carbon absorptionCNBC’s Diana Olick joins 'Power Lunch' to discuss a climate startup that empowers the ocean to absorb more Co2 from the air.
Persons: Diana Olick
☆ Mortgage rates hit their highest point since 2000
  + stars: | 2023-08-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +3 min
Mortgage rates jumped Monday, following a rise in bond yields driven by investors' concerns that high interest rates and inflation will linger longer than expected. The average rate on the popular 30-year fixed mortgage hit 7.48%, the highest level since November 2000, according to Mortgage News Daily. Higher mortgage rates exacerbate the supply situation. The nation's homebuilders have been trying to offset higher mortgage rates by either buying down those rates for short or long terms, or by lowering home prices. Homebuilder sentiment in August, however, dropped sharply, with builders citing higher interest rates as the main reason.
Persons: Matthew Graham Organizations: Mortgage News, Federal Reserve, ARM, Mortgage, Association
☆ Off-campus student apartment rents outperform as overall rents cool
  + stars: | 2023-08-17 | 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 EmailOff-campus student apartment rents outperform as overall rents coolCNBC's Diana Olick joins 'Power Lunch' to discuss rising off-campus housing costs as college students across America prepare to move in.
Persons: Diana Olick Organizations: America
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