New York City Mayor Zohran Mamdani's pied-à-terre property 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.

Shelter inflation should continue to soften, says ICE's Andy Walden

Andy Walden, ICE head of housing market research, joins 'The Exchange' to discuss the state of home prices, affordability and much more.

Shelter inflation should continue to soften, says ICE's Andy Walden

Andy Walden, ICE head of housing market research, joins 'The Exchange' to discuss the state of home prices, affordability and much more.

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.