New York City Mayor Zohran Mamdani's pied-à-terre tax is moving ahead. But will it work?

New York is moving ahead with a pied-à-terre property tax in its budget. Existing taxes from around the world's major cities show the limits of the policy.

from Real Estate https://www.cnbc.com/2026/05/12/mayor-mamdani-new-york-pied-terre-property-tax-real-estate.html

Credit card debt dips to $1.25 trillion — but maintains ‘K-shaped’ pattern, New York Fed research shows

Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.

from Real Estate https://www.cnbc.com/2026/05/12/new-york-fed-credit-card-debt-stands-at-1point25-trillion.html

The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax

Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty.

from Real Estate https://www.cnbc.com/2026/05/11/luxury-real-estate-manhattan-mamdani-pied-a-terre-tax.html

April home sales disappoint as higher mortgage rates weigh on buyers

Home sales barely moved in April, as mortgage rates shot higher the month before and uncertainty over the war with Iran weighed on consumers.

from Real Estate https://www.cnbc.com/2026/05/11/april-home-sales-disappoint-higher-mortgage-rates.html

Americans oppose huge AI data centers in their towns. Tiny ones in their homes may be a different story

As public support for large-scale data center buildouts declines across the U.S., a new type designed to operate inside individual homes is coming.

from Real Estate https://www.cnbc.com/2026/05/09/ai-data-center-construction-public-opposition.html

Mortgage rates hit the highest level in a month, causing lower income homebuyers to drop out

Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise -- indicating that lower income borrowers dropped out.

from Real Estate https://www.cnbc.com/2026/05/06/mortgage-rates-hit-the-highest-level-in-a-month-causing-lower-income-homebuyers-to-drop-out.html

Mortgage lenders now have more credit score options. What homebuyers should know

Lenders are beginning to use VantageScore 4.0, which factors in consumer data not currently considered in the score that's been used with mortgages for decades.

from Real Estate https://www.cnbc.com/2026/05/05/mortgage-lenders-now-have-more-credit-score-options-what-to-know.html