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Property News

Location American Property News for 16 May 2017

New Jersey Ski Resort Files for Bankruptcy

Wall Street Journal - 16 May 2017 22:09
Mountain Creek Resort Inc., a New Jersey ski resort less than two hours from Manhattan, has filed for bankruptcy protection, citing years of above-average temperatures, scant snowfall and missteps by prior owners.
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Doug Ledba, Lending Tree CEO, talk about his company's website offering loan rates from all banks whether offline and online.
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The demand among home buyers is growing, but home builders aren't able to keep up due to the lack of starter homes on the market.
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CNBC's Diana Olick report the latest on the housing market including disappointing construction numbers.
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The largest generation is finally starting to buy houses. The trouble is, there aren't enough houses for sale to feed their appetite.
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Tim Gurner is a 35-year-old Australian property tycoon who has almost half a billion dollars in the bank
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Manafort's company never paid $36,000 in taxes that would be due on the loan, NBC News reports.
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US housing starts fell 2.6% in April

CNBC - 16 May 2017 14:30
Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months.
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April housing starts down 2.6%

CNBC - 16 May 2017 14:30
CNBC's Rick Santelli and Steve Liesman break down the latest
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But the ongoing uncertainty is pushing property values into a slow fall, says Jon Rickert of GAM.
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