Wednesday Quick Takes: Homebuilder confidence climbs for fifth straight month

Homebuilder optimism up again
Homebuilders are feeling more hopeful about the market, according to the National Association of Home Builders/Wells Fargo Housing Market Index released today. The index rose from 25 to 29 in February, marking the index’s highest level in more than four years.

A good sign for the spring market
The News-Gazette reports that January pending home sales in Champaign County were up 34 percent compared to the same time last year.

Chicago makes list of top cities for moves
The Windy City ranked No. 5 when it came to top moving destinations in 2011, according to a list from Penske Truck Rental.

Mom and pop investors taking advantage of affordable market
Today’s real estate market is providing great buying opportunities for new investors looking to buy properties and turn them into rentals, like Chicago sisters Linda and Debra Basili featured in USA Today.

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