Personal Finance Daily: Biden’s pick to lead the IRS faces tough questions and Redfin says investors are pulling back from the housing market, buying half as many homes as a year ago

by | Feb 15, 2023 | Stock Market

Hi, MarketWatchers. Don’t miss these top stories.Biden’s pick to lead the IRS faces tough questions: ‘Will the IRS be honest and fully and deeply transparent?’ Danny Werfel, the Biden administration’s pick for IRS commissioner, appeared before the Senate Finance Committee for a confirmation hearing today. Read More

Is the post office open on Presidents Day? Are banks and schools open? The federal holiday, which falls on Feb. 20 this year, is still officially called Washington’s Birthday but now honors all U.S. presidents. Read MoreInvestors are pulling back from the housing market, buying half as many homes as a year ago, Redfin says Home purchases by investors fell 46% in the fourth quarter over the same period the year before, a new report finds. Read MoreU.S. families at risk of eviction during pandemic got nearly 10 million rent-relief payments, Treasury Department says It may have averted ‘what many predicted would be a wave of evictions during the pandemic,’ Deputy Treasury Secretary Adewale Adeyemo said. Read MoreU.S. builder confidence rises for second consecutive month, to highest level since September 2022  U.S. home builder sentiment rose for the second month in a row in February, the National Association of Home Builders said. Read MoreU.S. mortgage rates rise across the board, breaking a five-week downward streak U.S. mortgage applications fell 7.7% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.39%. Read MoreAirbnb providing emergency housing for Turkey earthquake rescuers, and says it will help survivors soon Airbnb’s nonprofit arm also helped facilitate temporary free shelter for people fleeing Ukraine and Afghanistan. Read MoreForbidden fruit: 8 luxury cars you can’t get in the U.S. Here are some of the weirdest and coolest luxury cars available in China that aren’t available in the U.S., some of which come from Detroit automakers. Read More

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