Broker confidence in New York City peaked in the fourth quarter of 2014 and has been consistently trending down on a quarterly basis, according to the Real Estate Board of New York (REBNY).
- REBNY's second quarter Broker Confidence Index fell 0.19 points from the first quarter to reach 7.04.
- The residential broker confidence index dropped to 7.23 from 7.92 last quarter, with mixed concerns over housing supply.
- The drop was largely driven by commercial brokers, whose individual index slumped to 6.57, with expectations for the market in the next six months at 5.71.
EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019