Diana Olick
Diana Olick
CRITIC
img-contested
N/A
1 reviews
PUBLIC
img-contested
33%
6 reviews

RECENT ARTICLES

Sort by:
gold-cheese33%
The housing market is about to shift in a bad way for buyers

The housing market is about to shift in a bad way for buyers

Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less frequent and spring sales perked up a bit. Well, forget that. The heat is on yet again. The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new low, according to realtor.com, after increasing in the second half of last year. The number of for-sale listings was up 2.8% annually in June, but that...

July 10, 2019
Share
Save
Review
No Rating
Mortgage delinquencies sink to pandemic low, but distress is far from over

Mortgage delinquencies sink to pandemic low, but distress is far from over

Key PointsMortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year earlier. Just under 6% of all U.S. mortgages — 2.7 million homes — were in some stage of delinquency at the end of November, according to the latest reading by CoreLogic.The largest share of troubled mortgages are those that are considered seriously delinquent, or more than 90 days past due. Just under 4% are in this deep trouble, compared with just over 1% the previous year, before Covid began its deadly spread."The...

Feb 9
Share
Save
Review
No Rating
Existing home sales in 2020 hit highest point since 2006, but listings are at a record low

Existing home sales in 2020 hit highest point since 2006, but listings are at a record low

Key PointsPandemic-driven demand sent total 2020 home sales to the highest level since 2006.Still, even the most avid buyers are bumping up against barriers in today's housing market. Record low supply and record high prices are limiting the exceptionally high demand.Closed sales of existing homes in December increased just 0.7% from November to a seasonally adjusted annualized rate of 6.76 million units, according to the National Association of Realtors. Sales were 22% stronger than in December 2019.As unexpected as a global pandemic was, so too was the reaction of homebuyers. After...

Jan 22
Share
Save
Review
No Rating
Biden looks to give a big boost to homebuyers and builders

Biden looks to give a big boost to homebuyers and builders

Key PointsAnyone looking to buy a home today is likely frustrated by sky-high prices and slim pickings. But President-elect , who takes office Wednesday, will aim to ease those issues as he gears up to implement his plans for the housing market.From home financing to home construction, Biden's plans are focused on affordability. Here are some policies he could push for:In December, the number of homes for sale plummeted nearly 40% compared with December 2019, according to realtor.com. Competition for what was on the market was fierce, with the typical home selling in just 66 days, two weeks...

Jan 19
Share
Save
Review
No Rating
Home prices in August see biggest gains in more than two years, S&P Case Shiller says

Home prices in August see biggest gains in more than two years, S&P Case Shiller says

Key PointsHamptons real estate market sales smash records as wealthy flee New York CityStrong demand and a limited supply of homes have caused home price gains to accelerate dramatically.Prices beat expectations, rising 5.7% annually in August, up from 4.8% in July, according to the S&P CoreLogic Case-Shiller National Home Price Index.The 10-City Composite posted a 4.7% gain, up from 3.5% in the previous month. The 20-City Composite rose 5.2% year-over-year, up from 4.1% in July. Detroit was not included in the findings, due to insufficient data reporting. All 19 cities for which data was...

October 27, 2020
Share
Save
Review
No Rating
Mortgage demand from homebuyers amazes again, now up 13% annually despite rising rates

Mortgage demand from homebuyers amazes again, now up 13% annually despite rising rates

Keep Me Logged InKey PointsRising interest rates did nothing to deter an onslaught of mortgage demand from homebuyers.Applications for loans to purchase a home rose 5% last week from the previous week and were 13% higher than a year ago, according to the Mortgage Bankers Association's seasonally adjusted index. Mortgage rates started the week near a record low but rose steadily throughout the week, with a spike on Friday, following the May employment report, which was much less dire than expected. The average for the week, however, showed only a small gain, with the 30-year fixed increasing...

June 10, 2020
Share
Save
Review
No Rating
3D-printed housing developments suddenly take off – here's what they look like

3D-printed housing developments suddenly take off – here's what they look like

Key PointsThis company just built four 3D-printed homes in Texas — Here's how it's doneBarely a month ago, a 3D-printed house was for the first time in the U.S.Now, a small, 3D-printed community in Texas is following suit. Another, larger community in California is also in the works.In other words, 3D-printed real estate is taking off in a big way.That first home that went up for sale hasn't even been built yet. The company, SQ4D, printed a model home at a concrete yard on Long Island, New York, and hosted more than a hundred showings. The new home will be printed on a lot nearby.ICON, a...

Mar 12
Share
Save
Review
No Rating
Borrower requests for government's coronavirus mortgage bailout jump 78% in one week

Borrower requests for government's coronavirus mortgage bailout jump 78% in one week

Keep Me Logged InKey PointsAs unemployment surges and more Americans struggle to make ends meet, more homeowners are applying for the government's mortgage forbearance program under the recently passed coronavirus relief plan.The CARES Act allows borrowers with loans backed by Fannie Mae, Freddie Mac and Ginnie Mae to miss up to a year's worth of monthly payments, which they are then required to remit at a later date or in a payment plan over time.Requests for forbearance jumped 78% for the week ended April 5 compared with the previous week, according to the Mortgage Bankers Association....

April 13, 2020
Share
Save
Review
  • Total 8 items
  • 1
OUTLETS
cnbc.com

cnbc.com

CRITIC
img-contested
54%
PUBLIC
img-trusted
63%