CNBC creates daily report on housing

Business news cable network CNBC announced Wednesday that it is expanding its coverage of the housing market with a daily report called “The Home Front.”

A release stated, “Washington-based real estate correspondent Diana Olick, among others, will provide news and analysis affecting home buyers, sellers, owners, builders, lenders and investors. With housing prices falling in virtually all regions, and foreclosures rising sharply, real estate is a growing concern for millions of Americans. At the same time, falling prices have created incredible buying opportunities across the country in some of the most coveted zip codes.

“Other CNBC correspondents contributing stories include Los Angeles-based reporter Jane Wells, who has been covering the story of Countrywide Financial Corporation, a provider of consumer and business-to-business financial services headquartered in Calabasas, Calif., and CNBC Contributor Barbara Corcoran, one of America’s top real estate entrepreneurs.

“‘Real estate is one of the crucial topics on the minds of all Americans today and viewers are turning to CNBC for news, context and advice on how to protect their investments,’ said Jonathan Wald, CNBC Senior Vice President, Business News. ‘The instability of the housing market affects so many industries and CNBC provides the comprehensive coverage viewers need to stay ahead of the market.'”

The release is here.