Q1 2017 Broker Confidence Index

The Real Estate Board of New York’s (REBNY) Real Estate Broker Confidence Index for the first quarter of 2017 was 5.87, a 0.13 decrease from the fourth quarter of 2016.  Concern about of the residential rental and office leasing markets led the Real Estate Broker Confidence Index to decline. REBNY regularly surveys its residential and commercial brokerage division members to measure their confidence in the real estate market now and six months from now. Survey results are published quarterly.