Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Real estate broker and agent confidence fell to a new low in July, according to a survey by real estate marketing and technology provider Point2 Technologies. Point2's Real Estate Confidence Index (RECI) fell 8.85 percent last month to 5.24, from 5.76 in June. The index is based on survey responses on a 10-point scale; one equals "bad" or "pessimistic," and 10 equals "good" or "optimistic."The index's three components gauge survey respondents' current sentiment, future sentiment based on a short-term outlook (three to six months) and a long-term outlook (12 to 18 months). All three components fell in July. After four months above the 5 index median, current sentiment crossed into pessimistic territory to 4.67, from 5.12 in June. Short-te...