Q2 2013 Broker Confidence Index

The Real Estate Board of New York’s Real Estate Broker Overall Confidence Index for the Second Quarter of 2013 remained virtually unchanged from last quarter, with brokers showing more confidence in the market today than in their expectations of the market six months from now.

Our survey recorded a slight increase in the Overall Present Situation Index to 9.05 compared to 8.87 in the First Quarter of 2013, largely due to the uptick in confidence in the current financing in the commercial sector. Although brokers’ confidence in the current market increased, there was a slight decline in outlook six months from now, chiefly caused by the low supply of inventory and rising interest rates in the residential market.