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Agent, broker confidence slips

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Real estate agents and brokers surveyed in September by Point2 Technologies were slightly less confident about the future than they were in August, but remained more optimistic than pessimistic overall.On a scale of one to 10, Point2's Real Estate Confidence Index recorded a 5.83 reading at the national level in September, down from 5.88 in August. It was the first decline in the index since it was launched in June, the company said.The index has three components, measuring the current, near-term and long-term sentiments of real estate professionals.The current sentiment of agents and brokers averaged 5.06 on a seasonally adjusted basis in September, up from 4.96 in August and 4.76 in June.Short-term sentiment -- the outlook for the next three to six months -- averaged 5.7, down from 5.8 in August and 5.74 in June.At 6.72, long-term sentiment -- the outlook for the next 12 to 18 months -- was down 2.3 percent from an August high of 6.88.The 2,493 brokers and agents surveyed are users o...