Diana Olick
World News
Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates
Diana Olick - 0
A house's real estate for sale sign shows the home as being "Under Contract" in Washington, DC.Saul Loeb | AFP | Getty ImagesPending home sales, a measure of signed contracts on existing homes, rose slightly in May, up 0.7% compared with April, accordi...
World News
Sales of existing homes fell in May, and more declines are expected
Diana Olick - 0
Sales of existing homes in May dropped 3.4% to a seasonally adjusted annualized rate of 5.41 million units, according to the National Association of Realtors.Sales were 8.6% lower than in May 2021. April's sales were revised slightly lower as well.This...
World News
Here’s why this housing downturn is nothing like the last one
Diana Olick - 0
As quickly as mortgage rates are rising, the once red-hot housing market is cooling off. Home prices are still historically high, but there is concern now that they will ease up as well.All of this has people asking: Is today's housing market in the sa...
World News
Homebuilder sentiment drops to lowest level in two years as housing demand slows
Diana Olick - 0
A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November.George Frey | Bloomberg | Getty ImagesSentiment among the nation's homebuilders fell for...
World News
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
Diana Olick - 0
Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets.The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mor...
World News
Home prices surged over 20% in March as interest rates also rose, according to S&P Case-Shiller
Diana Olick - 0
A sold sign sits outside a home. Adam Jeffery | CNBCRising mortgage rates did not slow down rising home prices in March.Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Pr...
World News
The price of a home sold in March set a new record, as inventory dwindled and sales fell
Diana Olick - 0
House "sold" sign Peoria, IllinoisDaniel Acker | Bloomberg | Getty ImagesSales of existing homes dropped 2.7% in March to a seasonally adjusted, annualized rate of 5.77 million units, according to the National Association of Realtors. February's readin...
World News
Homebuilder sentiment drops for fourth straight month, as rising rates push housing to ‘an inflection point’
Diana Olick - 0
A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California.David Paul Morris | Bloomberg | Getty ImagesSharply rising mortgage rates are taking their toll on the nation's...
World News
Developers are flooding Arizona with homes even as historic Western drought intensifies
Diana Olick - 0
California just experienced its driest January and February ever, and the snowpack is dangerously low. As the West enters its third year of drought, water sources are drying up, and restrictions on the Colorado River are now hitting all sectors of the ...
World News
Mortgage rate soars closer to 5% in its second huge jump this week
Diana Olick - 0
The rate for the most common kind of mortgage just surged again.The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than i...
About Me
Latest News
Russia says jet scrambled as US B-52 bombers fly over Baltic Sea
A Russian Sukhoi Su-35 combat plane was sent to intercept two United States B-52H strategic bombers flying over the Baltic Sea.Russia’s defence ministry has said a Russian Su-35 combat plane was scrambled over the Baltic Sea after two United States str...
DNA
Kangana Ranaut shares throwback pictures from her college days, says, ‘I want to teach acting and filmmaking someday’
Bollywood actress Kangana Ranaut took to her Instagram and shared throwback pictures from her college days, narrated a story of her principal, and expressed her wish to teach acting and filmmaking someday and become like her principal. On Monday, Kang...
DNA
Explained: After 4 US banks collapse within 11 days, know reason behind financial turmoil in US banking?industry
Raunak Jain - 0
Explained: After 4 US banks collapse within 11 days, know reason behind financial turmoil in US banking industryUS Banking Crisis: In recent weeks, the banking sector has experienced significant upheaval, with several banks on the verge of collaps...
DNA
‘They lost crunch matches, semifinal and fail to qualify’: Star all-rounder mocks Team India
In a bizarre claim, former Pakistan captain Mohammad Hafeez said that Team India is always the favourites in any tournament but India has failed to perform well in ICC events. It may be recalled that under Mahendra Singh Dhoni’s captaincy India had wo...
World News
Pushback in Australia against increasingly draconian protest laws
Australian climate campaigner Deanna ‘Violet’ CoCo found herself facing a 15-month prison sentence after she and three other activists drove a truck onto Sydney Harbour Bridge last April and blocked one of its lanes during the morning rush hour.The gro...