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.
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