Q2 2015 Broker Confidence Index

The Real Estate Board of New York’s Real Estate Broker Confidence Index for the second quarter of 2015 is 8.84, a slight drop from last quarter’s 9.05 and virtually unchanged from a year ago. Confidence has remained relatively stable, not fluctuating more than half of a point in the past two years. Likewise, confidence in the market six months from now also dipped slightly to 8.52 this quarter from 8.88 last quarter. This slight drop in confidence in the current market and the market six months from now was the result of the dip in confidence among the residential brokers. Concerns about rising interest rates and the lack inventory continue to temper the confidence of the residential brokers in the current market and the market six months from now. Nevertheless, the overall level of confidence of the residential brokers and the commercial brokers remains exceptionally positive.