Predictions about the housing market in 2016 are equally bullish, with 30 percent extremely optimistic and 42 percent somewhat optimistic. Only 6 percent are somewhat or extremely pessimistic.
What accounts for this optimism? One respondent explained it this way, “After being somewhat reserved in my optimism in 2015, I do believe that 2016 will be very good. If interest rates continue to be under 6 percent, shadow inventory remains low and in check, unemployment remains under 10 percent, local economies continue to strengthen, and inventory is adequate, consumers will have the confidence to get off the fence and make their moves in purchasing and selling.”